Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs.
United States’ 12 spot Bitcoin exchange-traded funds (ETFs) showed a combined net outflow of $1.2 billion in eight days.
On Sept. 9, Bloomberg data showed investors took out about $1.2 billion from the 12 listed spot Bitcoin (BTC) ETFs from Aug. 30 to Sept. 6. This marks the ETFs’ longest net outflow run since they were listed in January.
United States Bitcoin ETFs show their longest outflow streak. Source: Bloomberg
