On Tuesday, September 8th, the net outflow of funds from Bitcoin exchange-traded funds (ETFs) was $46.6 million; on September 9th, it was $120.2 million; and on September 10th, it reached $282.7 million. In total, Bitcoin ETFs lost nearly $450 million over three consecutive days.
The largest share of Thursday's outflow came from the ARK 21Shares Bitcoin ETF (ARKB) by ARK Invest and 21Shares—it lost $164.3 million. This was followed by the Grayscale Bitcoin Trust ETF (GBTC) by Grayscale with an outflow of $38.4 million, and then the Fidelity Wise Origin Bitcoin Fund (FBTC), which lost $33.6 million.
The largest U.S. spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT) by BlackRock, lost $24.5 million. The only fund with positive dynamics was the Morgan Stanley Bitcoin Trust (MSBT), launched this year by Morgan Stanley. Over the last day, it attracted $4 million. Other Bitcoin investment products did not show significant changes.
The decline in Bitcoin ETF investments coincided with increased pressure on the leading cryptocurrency. Over the week, Bitcoin's price fell by 4.5% to $77,393, while the daily trading volume increased by 2.6% to $29.7 billion. Bitcoin's current market capitalization stands at $1.6 trillion.
Recently, the first exchange-traded fund offering staking of the native $TRX token of the Tron blockchain was launched in the U.S.—the Canary Staked $TRX ETF. The fund's shares trade on the Cboe BZX Exchange under the ticker TRXS.
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