Bitcoin ETF has a net outflow of 1.2 billion US dollars within 8 days

According to Bloomberg data, a total of $1.2 billion was net outflow from 12 U.S. spot Bitcoin exchange-traded funds (ETFs) in eight days. Despite the capital outflows, the performance of cryptocurrency ETFs still surpassed more than 400 new ETFs in 2024, with the four largest ones all being spot Bitcoin ETFs.

In the first week of September, Bitcoin prices fell steadily from a high point of $64,668 on August 26 to a low point of $53,491 on September 7. This means that within just two weeks, Bitcoin's price dropped by 17.28%. However, analysts say that historically speaking, Bitcoin has always performed poorly in September.