Crypto ETF Flows Reverse on September 30 as Bitcoin Funds…
By Karthik Subramanian
AI summary of the source article
U.S. spot crypto ETFs experienced broad-based net redemptions on September 30, with Bitcoin, Ether, and Solana funds recording a combined $220.8 million in net outflows. Bitcoin ETFs posted $148.7 million in withdrawals, ending a nine-day positive streak that had generated $2.39 billion between September 21 and September 25. Fidelity's FBTC led the decline with about $125.6 million in redemptions. Ether funds lost $59.6 million, accelerating redemptions that began the previous day. Meanwhile, Solana ETFs posted approximately $12.5 million in net outflows after seven positive sessions. Despite the late-month reversal, Bitcoin gained over 40% in the third quarter and finished September around $83,000.
Why it matters
The simultaneous redemptions across Bitcoin, Ether, and Solana ETFs marked the clearest broad-based reversal in daily direction since the latest institutional buying wave began.
Key facts
- U.S. spot crypto ETFs logged roughly $220.8 million in combined net outflows on September 30 across Bitcoin, Ether, and Solana products.
- Bitcoin ETFs shed $148.7 million, led by approximately $125.6 million in redemptions from Fidelity's FBTC, ending a nine-day inflow streak.
- Ether and Solana funds posted net withdrawals of $59.6 million and approximately $12.5 million, respectively.