US Bitcoin and Ether ETFs See $520 Million in Combined Outflows

US spot crypto ETFs faced another rough session on September 16, with Bitcoin and Ether investment products together losing roughly $520 million as investors pulled back.

Breaking Down the Outflows

Bitcoin spot ETFs recorded $296 million in net outflows for the day, while Ether spot ETFs saw another $224 million exit. Within the Ether category, BlackRock’s ETHA led the redemptions with $110 million pulled out, the largest single outflow among Ether products that day. Bitcoin ETFs faced broad selling pressure across the board, though Morgan Stanley’s MSBT bucked the trend, attracting $3.47 million in net inflows even as most of the category saw withdrawals.

What The Numbers Suggest

The outflows put a spotlight back on institutional appetite for regulated crypto investment products, since daily ETF flow data offers a direct read on how much capital is moving in or out of these markets.

Analysts caution that one day of redemptions doesn’t necessarily signal a longer term shift, but sustained outflows over multiple sessions could point to investors turning more cautious. Attention now shifts to upcoming trading days to see whether Bitcoin and Ether ETFs can return to net inflows or whether the current pullback continues.

Bitcoin traded near $76,520 at the time of reporting, up about 1.24%, while Ether traded around $2,443, up 2.1%.