Bitcoin Spot ETFs Record $227 Million Net Outflow as IBIT Gains and ARKB Declines
Bitcoin spot ETFs experienced a mixed trading day, with BlackRock’s IBIT posting strong inflows despite an overall sector net outflow, highlighting shifting investor sentiment.
On September 17 (EST), Bitcoin spot ETFs recorded a combined net outflow of $51.28 million, according to SoSoValue. BlackRock's iShares Bitcoin Trust (IBIT) led with $150 million in inflows, raising its historical total to $60.399 billion, while Grayscale's GBTC gained $22.54 million, reaching $1.837 billion cumulatively. Fidelity's FBTC saw the largest daily outflow at $116 million but maintains $12.564 billion in total inflows. Collectively, Bitcoin spot ETFs hold $152.453 billion in net asset value, representing 6.62% of Bitcoin's market capitalization and $57.332 billion in historical cumulative inflows.
- Bitcoin Spot ETF: An exchange-traded fund that directly holds Bitcoin, allowing investors to gain price exposure without owning the cryptocurrency outright.
- iShares Bitcoin Trust (IBIT): BlackRock’s Bitcoin spot ETF product, offering institutional and retail investors direct exposure to Bitcoin’s market price.
- Net Asset Value (NAV): The total value of a fund’s assets minus liabilities, representing per-share value for investors.