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.