Bitcoin ETFs Post Sharp Outflows as Fed Rate Decision Looms

U.S. spot Bitcoin ETFs recorded $462.6 million in net outflows between September 8 and September 11, a sharp reversal from nearly $1 billion in inflows the previous week. The shift came as Bitcoin pulled back from its August rally, with the price falling from a high of $81,427 to around $77,343 amid profit-taking and rising Treasury yields.

Selling Intensified Through the Week

Outflows began modestly with $46.6 million on September 8, followed by $120.2 million the next day. Selling accelerated sharply on September 10, with investors pulling $282.6 million in the largest single-day outflow of the week, as hotter-than-expected inflation data raised concerns over a potential Fed rate hike. Outflows continued into Friday with another $13.2 million withdrawn.

ARKB and GBTC See Heaviest Selling

ARKB led outflows with about $250.3 million withdrawn, followed by GBTC at $129.1 million, IBIT at $52.5 million and FBTC at $50.7 million. Morgan Stanley’s MSBT was among the few funds to see inflows, adding $19.7 million for the week.