Bitcoin and Ether ETFs Lose $593M as Solana Adds $1.3M
U.S. spot Bitcoin and Ether ETFs recorded a combined $592.7 million in net outflows on Sept. 15, while Solana funds took in about $1.3 million. Across the three asset classes, the funds recorded combined net outflows of roughly $591.4 million.
The reversal followed broad inflows one session earlier, when Bitcoin, Ether, and Solana products collectively added about $292 million. The latest figures show money leaving the two largest crypto ETF categories while Solana remained marginally positive.
FBTC and IBIT Account for $376.5M in Bitcoin Outflows
Spot Bitcoin ETFs posted $450.4 million in net outflows, reversing the previous session’s $159.9 million inflow. Fidelity’s FBTC recorded the largest net outflow at $214.8 million. BlackRock’s IBIT followed with $161.7 million, putting the pair’s combined outflow at $376.5 million.
Grayscale’s GBTC lost another $44.1 million, while ARK 21Shares’ ARKB posted $17.4 million in net outflows and Bitwise’s BITB lost $12.4 million. The remaining Bitcoin products registered no net movement.
BlackRock’s ETHA Leads $142.3M Ether Outflow
Ether ETFs recorded $142.3 million in net outflows after receiving $121.1 million during the Sept. 14 session.
BlackRock’s ETHA accounted for most of the decline with a $98 million net outflow. Bitwise’s ETHW lost $34.4 million, Grayscale’s ETHE shed $17.5 million and Fidelity’s FETH recorded a $7.2 million outflow.
Those losses were partly offset by $12.4 million entering BlackRock’s ETHB and $2.4 million flowing into 21Shares’ TETH. Solana ETFs moved in the opposite direction on a much smaller scale. The group added about $1.35 million, all through Bitwise’s BSOL, after receiving about $11 million the previous session.
ETF Flows Reverse One Day After $292M Combined Inflows
The Sept. 15 figures arrived during a volatile session for crypto markets and alongside the Senate’s failed procedural vote on the CLARITY Act. The daily flow data alone cannot establish that the vote caused ETF redemptions.
Net ETF flows also should not be treated as a direct measure of immediate spot-market selling. Creations and redemptions occur through authorized participants and can involve inventory management, hedging, and settlement processes that do not translate into an identical amount of same-day buying or selling in the underlying assets.
The confirmed change is in net fund flows. After all three asset groups attracted capital on Sept. 14, Bitcoin and Ether products returned to sizable net outflows one trading day later.