Bitcoin spot ETFs posted $13.29M in net outflows for a fourth consecutive day on September 11, while Ethereum spot ETFs saw $216M in net inflows led by BlackRock.
Macro & Markets ·
U.S. spot Bitcoin ETFs recorded net outflows of $13.29 million on September 11, extending a streak of withdrawals to four consecutive days, according to SoSoValue data. Within that cohort, Morgan Stanley's MSBT was the lone gainer, posting $3.76 million in net inflows—the largest single-day inflow among Bitcoin spot products that day. By contrast, spot Ethereum ETFs attracted $216 million in total net inflows over the same period, with BlackRock's ETHA accounting for $149 million of that total.
The divergence reflects different investor sentiment between the two asset classes during this window. Bitcoin ETFs have faced persistent outflow pressure, while Ethereum products benefited from concentrated demand, particularly through a single major issuer's offering. The mechanics behind the Bitcoin outflows remain unspecified—whether driven by profit-taking, rebalancing, or broader market conditions is not detailed in available reports.
The sustainability of these flows and whether the Bitcoin outflow streak extends beyond September 11 are not yet established. The single-day snapshot does not indicate whether the patterns reflect a structural shift in institutional positioning or temporary market dynamics.