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1h ago

Bitcoin and Ether ETFs See $439 Million One-Day Outflow as Post-Cut Rally Reverses

Powell’s pending guidance prompted deleveraging that drove a sharp reversal in crypto fund flows.

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Bitcoin spot ETFs see $363M outflow with zero inflows across funds
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Overview

  • On September 23, U.S. spot Bitcoin ETFs recorded $363.1 million in redemptions, led by Fidelity’s FBTC (-$276.7M), ARKB (-$52.3M), GBTC (-$24.6M) and HODL (-$9.5M), according to Farside Investors.
  • Ethereum products posted $76 million of outflows the same day, with Fidelity’s FETH (-$33.1M), Bitwise’s ETHW (-$22.3M) and BlackRock’s ETHA (-$15.1M) leading the declines.
  • The outflows followed a week of $1.9 billion in inflows into digital-asset funds after the Fed’s 25-basis-point cut, which lifted sector assets under management to $40.4 billion, CoinShares reported.
  • Derivatives data showed more than $354 million in crypto liquidations over the past day, including about $44 million tied to Bitcoin and $53 million to Ethereum, per CoinGlass.
  • Traders are watching Jerome Powell’s economic-outlook speech and upcoming inflation readings for signals that could steer whether ETF flows stabilize or further redemptions continue.