US Bitcoin Spot ⁤ETF Market Sees Significant Outflows in ​Early September

The US Bitcoin spot ETF⁤ market experienced‌ a substantial decline in the first week of September, with net outflows⁤ recorded over four trading ⁣days.

According to Sosovalue aggregate data, the U.S. Bitcoin spot ETF market suffered a⁤ total outflow of $706.19 million ​(KRW 945.5 billion) from the 3rd to the 6th,‍ excluding the Labor Day holiday on the 2nd⁤ of⁤ last week.

This marks the second consecutive week of net weekly outflows, following the previous week’s $277.12 million. The outflow ‌is the largest since the week of March 22, when $887.74 million flowed out.

A breakdown of the outflows reveals a consistent decline over four consecutive trading days: $287.78 million on the ​3rd, $37.29 million on the 4th, $211.15 million on the 5th, and $169.97 million on the 6th.

The cumulative inflow into Bitcoin spot ETFs ⁤totaled $16.89 billion, ‍down from $17.6 billion the previous week.

Cumulative trading volume for the week decreased from $7.77 billion‌ the previous week to $6.71 ​billion (KRW ‌8.9846 trillion).

Daily trading volume was ‌recorded as $1.56 billion​ on the 3rd, $1.41 billion on the 4th, $1.35 billion on the 5th,‌ and $2.39 billion on‌ the 6th.

The total net assets of Bitcoin spot ETFs ⁤are $48.24 billion, down significantly from $53.78 billion the previous week. This accounts for 4.62% ⁢of the total ⁤Bitcoin‍ supply.⁤ The highest AUM to⁢ date is $62.56 billion, recorded on June 5.

The largest Bitcoin spot ETF, BlackRock IBIT, had $19.15 billion in⁣ total assets under management. It was followed by Grayscale‍ GBTC ‌with $11.92 billion ⁢and Fidelity⁣ FBTC with $9.17 billion.