EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

IBIT triggered US$201 million outflow from U.S. Bitcoin ETF, Ethereum and XRP funds bucked the trend

2026-09-02 18:38:20
Bookmark

The U.S. spot bitcoin ETF flowed out sharply on Monday, totaling US$236 million.

On Monday, the U.S. spot bitcoin exchange-traded funds (ETFs) recorded a significant outflow of funds, with a total withdrawal of US$236 million. Among them, BlackRock's IBIT fund had the largest outflow, reaching US$201 million; Fidelity's FBTC followed closely, with an outflow of US$44 million.

IBIT leads large-scale outflows

BlackRock, the world's largest asset manager, has positioned IBIT as a key tool for investors to gain exposure without directly holding Bitcoin. The $201 million outflow reflects a significant shift in investor sentiment or portfolio strategy.

Fidelity, another large U.S. asset management company known for its diversified investment products, recorded a withdrawal of US$44 million from its Bitcoin ETF FBTC. These two funds together accounted for almost all of the outflow of spot Bitcoin ETFs that day, highlighting their dominant position in the current market landscape.

On Monday, IBIT accounted for most of the total US$236 million outflow of spot Bitcoin ETFs, and Fidelity's FBTC also saw significant withdrawals.

Other products: Limited inflows, flat performance

Bitwise's BITB became the only fund in the group to record a net inflow, attracting approximately US$8 million. The remaining nine spot Bitcoin ETFs did not report significant capital changes, and overall trading activity was relatively sluggish.

Among cryptocurrency ETF products other than Bitcoin, the performance is more moderate. The Ethereum ETF attracted US$11 million in new funds, continuing its 12 consecutive trading days of net inflows. At the same time, funds tracking Ripple (XRP) have inflows of $14 million, while funds exposed to Solana have inflows of $10 million. A fund called Hyperliquid also saw a small increase, adding nearly $2 million.

Mini Dictionary

Hyperliquid is a decentralized trading platform and DeFi protocol that provides perpetual futures trading and on-chain liquidity for a range of digital assets. Compared with mature products of large cryptocurrencies, their ETF exposure is still small.

Market Trends and Price Movements

According to data, Bitcoin prices were slightly above US$77000 during the Asian trading session on Wednesday, with a weekly decline of 2%. Among the major altcoins, Solana and Zcash led the 24-hour decline, each down about 3%. Ripple, wavefield TRON and dogcoin fell about 2%. Bitcoin, Ethereum, BNB and Hyperliquid funds have price fluctuations within 2%, indicating limited volatility among top assets.

Analysts pointed out that IBIT's ultra-large divestment highlights the potential impact of a large institutional portfolio on overall ETF funding flows. Subsequent developments at IBIT will be closely watched as further redemptions may continue to set the short-term direction for the broader spot bitcoin ETF landscape.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP