Bitcoin Spot ETFs See Second Day of Outflows...$295.98 Million Withdrawn in a Day

U.S. Bitcoin spot ETF markets recorded two consecutive days of net outflows as of September 16 (local time), according to Solovalue data. The U.S. Bitcoin spot ETF market saw a daily net outflow of $295.98 million on September 16, following a similar trend on September 15.

The outflow volume decreased by approximately 34% compared to the previous day, with cumulative net inflows totaling $54.57 billion. Among the 12 ETFs, only Morgan Stanley's MSBT recorded a net inflow of $3.47 million, while BlackRock's IBIT saw an outflow of $144.11 million, Ark/21Shares' ARKB had $84.40 million withdrawn, Fidelity's FBTC lost $52.72 million, and Grayscale's GBTC experienced a $18.22 million outflow.

BlackRock IBIT's $144.11 million outflow exceeded Morgan Stanley MSBT's $3.47 million inflow. Total trading volume for Bitcoin spot ETFs amounted to $280.9 million, with BlackRock IBIT leading at $2.11 billion, Fidelity FBTC at $294.91 million, and Ark/21Shares ARKB at $115.45 million.

Total net assets stood at $95.19 billion, representing approximately 6.22% of Bitcoin's total market capitalization. The top ETFs by net assets were BlackRock IBIT with $59.28 billion, Fidelity FBTC with $13.17 billion, and Grayscale GBTC with $9.68 billion.