Bitcoin ETFs shed $450M in three days as September selling pressure mounts

US spot Bitcoin ETFs hemorrhaged roughly $450M in net outflows over three trading days from September 8-10, snapping what had been one of the strongest inflow streaks in recent memory. The selling accelerated as the week progressed, with September 10 alone accounting for $282.6M in redemptions. To put that in perspective: the week ending September 4 had pulled in about $987M, including a massive $730.9M single-day haul on September 3. In the span of a few sessions, nearly half of that enthusiasm evaporated. The numbers behind the drawdown The three-day outflow pattern tells a story of snowballing pessimism. September 8 started relatively mild at $46.6M in net sales. September 9 more than doubled the pace to $120.2M. Then September 10 blew the doors off with $282.6M, the largest single-day outflow of the stretch. ARKB, the ARK 21Shares Bitcoin ETF, bore the brunt of the damage. It reported $164.3M in outflows on September 10 alone, making it the single biggest contributor to that day’s red ink. In a market where nearly every fund was bleeding assets, Morgan Stanley’s MSBT stood alone as the only product to post modest positive inflows during the period. Bitcoin’s price action mirror...