Bitcoin ETFs shed $120M in a day while Ethereum ETFs quietly attract inflows

US spot Bitcoin ETFs hemorrhaged $120.2 million on September 9, marking the second straight day of net redemptions. Meanwhile, Ethereum ETFs moved in the opposite direction, pulling in $34.75 million on the same day. Zoom out to the trailing seven days and Bitcoin ETFs actually posted roughly $820 million in net inflows. One day’s red ink looks a lot less alarming when the weekly ledger is still deeply green. Where the money moved The Bitcoin ETF outflows on September 9 were concentrated in two familiar names. ARK 21Shares’ ARKB led the retreat with $78 million in net redemptions, while Grayscale’s GBTC shed $27.2 million. The prior session, September 8, had already seen $46.6 million leave Bitcoin ETFs, bringing the two-day total to roughly $166.8 million. That back-to-back daily outflow streak was the first of its kind since mid-August. For context, September 3 alone saw $730.9 million pour into Bitcoin ETFs. So the recent pullback erased less than a quarter of a single day’s inflows from earlier in the month. Ethereum ETFs told the opposite story. The $34.75 million in net inflows on September 9 was driven primarily by BlackRock’s staking-enabled ETHB product, which accounted fo...