Markets· ★★★· bearish·

Bitcoin ETFs bleed $296M in a day as BlackRock's IBIT loses $144M

  • —Net outflow from US spot bitcoin ETFs on September 16 was $296 million
  • —BlackRock's IBIT shed $144 million; its cumulative inflows total $638.33 billion
  • —Morgan Stanley's MSBT attracted $3.47 million, bringing its total to $5.42 billion
  • —ETF assets total $951.85 billion, or 6.22% of bitcoin's market cap
Why it matters: Sustained ETF outflows add pressure on bitcoin's price and signal weak institutional demand.
#BTC
Source: PANews
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