#etf

🚨 Bitcoin & Ethereum ETFs see nearly $400M in outflows on Sept 4, marking a rough week for crypto ETFs. 📉

🔎 $BTC ETFs:

• Net outflows of $227M.

• Heavy losses in Fidelity’s FBTC (-$117.45M), Ark’s ARKB (-$125.49M), Bitwise’s BITB (-$66.37M).

• BlackRock’s IBIT was the only gainer with $134.71M in inflows.

🔎 $ETH ETFs:

• $166.38M in outflows, 4th straight day of withdrawals.

• Big hits to BlackRock’s ETHA (-$149.81M) and Fidelity’s FETH (-$216.68M).

• Smaller losses across Bitwise’s ETHW, VanEck’s ETHV, Grayscale’s ETHE, and others.

📊 Silver lining? Glassnode data shows institutional interest in Ethereum remains strong, with rising CME open interest signaling active arbitrage and directional trades despite ETH trading below recent highs.

What’s driving the outflows? Are institutions still bullish on crypto?