📢 Cryptocurrency and Blockchain News! 🚀

- On September 18, US spot Bitcoin ETFs recorded outflows of $52.83 million, breaking a four-day streak of inflows of over $500 million.

- The main outflow came from 21Shares’ ARKB ARK ($43.4 million). Grayscale’s GBTC and Bitwise’s BITB also reported outflows of $8.1 million and $3.9 million, respectively.

- The only fund to record an inflow was Grayscale Bitcoin Mini Trust with $2.7 million. The other eight funds, including BlackRock’s IBIT, remained neutral.

- The total volume of these products fell 28% from $2.27 billion to $1.63 billion. Since inception, these funds have attracted $17.44 billion.

- Bitcoin (BTC) has risen 3% in the last 24 hours to $62.109, driven by the Fed’s recent 50 basis point cut in interest rates.

- Meanwhile, U.S. spot Ether ETFs saw outflows of $9.74 million, continuing a three-day streak of outflows. The bulk of the outflow came from Grayscale’s ETHE ($14.7 million), partially offset by inflows into BlackRock’s ETHA ($4.9 million).

- Trading volume for these products increased to $221.88 million from $176.26 million. Since inception, these funds have seen outflows of $615.58 million. Ether (ETH) rose 4.8% to trade at $2,438.

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