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U.S. spot Bitcoin ETFs recorded $51.28 Million in net outflows on September 17. This broke a seven-day inflow streak that brought in over $2.7 Billion. The reversal comes as Bitcoin posts its strongest September performance in over a decade.
Bitcoin ETFs Break Inflow Streak with Mixed Individual Performance
Bitcoin ETFs experienced their first outflow day since September 8 with $51.28 million in net redemptions. The outflow ended a seven-day streak that generated institutional interest totaling $2.77 Billion in inflows.
Cumulative inflows remain strong at $57.33 Billion, with total net assets reaching $152.45 Billion. Fidelity’s FBTC led outflows with $116.03 Million in redemptions on September 17.
Grayscale’s GBTC contributed $62.64 Million in outflows while ARKB recorded $32.29 Million in redemptions. Bitwise’s BITB added $12.58 Million in outflows to the daily total.
BlackRock’s IBIT countered the trend with $149.73 Million in net inflows. It maintained its position as the largest Bitcoin ETF. The fund holds $60.40 Billion in net assets, with most institutional Bitcoin exposure. Grayscale’s BTC product added $22.54 million in positive flows.
Several Bitcoin ETF products recorded zero activity, including VanEck’s HODL, Valkyrie’s BRRR, and multiple CBOE-listed funds. Trading volume reached $4.24 Billion across all Bitcoin ETFs.
Historical data shows the previous streak included $292.27 Million on September 16 and $642.35 Million on September 12.
Ethereum ETFs Post Minor Outflows Led by Fidelity
Ethereum ETF products recorded $1.89 Million in net outflows, a minor decline compared to Bitcoin’s larger redemptions.
The outflow followed volatility, including $61.74 Million in outflows on September 16. Cumulative inflows remain positive at $13.66 billion with $29.72 Billion in total net assets.
Fidelity’s FETH led Ethereum outflows with $29.19 Million in redemptions despite trading at a premium. The fund maintains $2.77 Billion in net assets after the daily outflow. Bitwise’s ETHW contributed $9.67 million in outflows to the total.
BlackRock’s ETHA provided the largest positive flow with $25.86 million in net inflows. The fund holds $13.26 billion in net assets, nearly half of all Ethereum ETF assets. Grayscale’s ETH added $6.38 million while multiple CBOE products showed minimal activity.
21Shares’ TETH and Invesco’s QETH recorded small inflows of $2.02 million and $2.70 Million, respectively. Trading volume reached $2.34 Billion across Ethereum ETF products.
Recent Ethereum ETF history shows volatility with $359.73 Million in inflows on September 15. The current outflows represent normal fluctuation rather than systematic redemption pressure.
September Bitcoin Performance Supports Bullish October Outlook
According to historical monthly return data, Bitcoin has experienced its strongest September performance in over a decade.
The current month shows +8.03% gains. It is a decent performance for typically volatile September periods. Historical data reveals September returns ranging from -13.38% to +8.03% across previous years.
Analyst Ash Crypto says Bitcoin is having its best September in 13 years. Historical trends point to substantial gains in the fourth quarter. This has boosted bullish sentiment across the market.
Based on historical analysis, previous green September closes led to strong October and November performance.
Daan Crypto Trades identified the $118K level as significant resistance, a high-volume node. The analyst expects quick moves to range highs above this key level.
Monthly return patterns show that October historically delivers +21.89% average gains. Following this, the November posts+46.02% average return. The current September performance aligns with historically strong fourth-quarter periods.
