U.S. spot BTC ETFs still show annual net outflows despite $3.8B three-week inflow

U.S. spot Bitcoin ETFs still show roughly $1 billion in net outflows for the year despite recent large inflows, Cryptopolitan reported. Data as of Sept. 8 showed major Bitcoin ETFs including BlackRock’s IBIT and Fidelity’s FBTC had seen sustained net outflows for a considerable period, though recent strong inflows recouped most of those losses. The inflows were concentrated over a short period. Net inflows reached about $3.8 billion during the three weeks through early September, including $730.9 million on Sept. 3 alone. For the week through Sept. 5, net inflows totaled $986.9 million, narrowing cumulative net outflows since the start of the year to under $1 billion.