U.S. spot Bitcoin and Ether ETFs recorded $520 million in combined net outflows on September 16, with BlackRock's ETHA leading Ether redemptions at $110 million.
Macro & Markets ·
U.S. spot Bitcoin ETFs experienced $296 million in net outflows on September 16, while spot Ether ETFs recorded $224 million in outflows, totaling approximately $520 million in combined daily redemptions across both asset classes. Morgan Stanley's MSBT stood apart by attracting $3.47 million in net inflows, marking a divergence from the broader pullback in Bitcoin exposure.
BlackRock's ETHA led Ether ETF redemptions on the day at $110 million, representing the largest single-product outflow in the Ether category. The two-product redemption pattern suggests institutional and retail investors reduced exposure to both major crypto assets simultaneously.
The underlying drivers of the outflows—whether market conditions, macro factors, or rebalancing activity—remain unclear from available data. The persistence of these flows and whether they signal a sustained shift in demand for crypto products over subsequent trading days have not yet been detailed.