Bitcoin and Ether ETFs See $520M Combined Outflows
U.S. Bitcoin and Ether ETFs recorded about $520 million in combined net outflows on Sept. 16, with BlackRock's ETHA leading Ether redemptions.
- Bitcoin spot ETFs recorded $296 million in net outflows on Sept. 16.
- Ether spot ETFs saw another $224 million leave, bringing combined outflows to about $520 million.
- BlackRock’s ETHA led Ether ETF redemptions with $110 million in net outflows.
U.S. spot cryptocurrency ETFs faced another difficult session on September 16, as both Bitcoin and Ether investment products recorded substantial withdrawals.
Bitcoin spot ETFs posted $296 million in net outflows, while Ether spot ETFs recorded another $224 million in withdrawals. Together, the two categories saw approximately $520 million leave during the trading day.
The figures point to weaker demand across the two largest U.S. spot crypto ETF markets during the session.
BlackRock ETHA Leads Ether Redemptions
Within the Ether ETF category, BlackRock’s ETHA recorded the largest redemption of the day, with $110 million in net outflows.
Bitcoin ETFs also faced broad selling pressure, although Morgan Stanley’s MSBT moved against the overall trend. The fund attracted $3.47 million in net inflows, making it a notable exception during a day dominated by withdrawals.
The mixed performance shows that individual funds can continue attracting capital even when the wider ETF category experiences net redemptions.
Crypto ETF Demand Faces Another Test
The latest Bitcoin and Ether ETF outflows put institutional demand back in focus. Daily ETF flows are closely monitored because they provide a direct view of capital entering and leaving regulated crypto investment products.
A single day of withdrawals does not establish a longer-term trend, but continued outflows could indicate more cautious positioning among investors. Market participants will be watching the next sessions to see whether Bitcoin and Ether ETFs return to positive flows or whether redemptions continue.
