Bitcoin spot ETFs in the U.S. saw a $51.28 million outflow on September 17 after seven days of inflows, impacting major issuers like Fidelity and Grayscale. Despite this, BlackRock’s IBIT and Grayscale’s BTC saw inflows, leaving total assets under management at $152.45 billion.

Ether ETFs experienced $1.89 million in outflows, with Fidelity’s FETH and Bitwise’s ETHW being the biggest losers. Inflows at BlackRock’s ETHA were not enough to counter the trend, leaving total assets under management at $29.72 billion.

The ETF market is expanding, with new filings at the SEC for various cryptocurrency products beyond Bitcoin and Ethereum. REX-Osprey is set to launch XRP and Dogecoin ETFs through a faster approval process, while the SEC approved new listing rules for major exchanges.

Bitcoin held above $117,000 after the Federal Reserve’s interest rate cut, while Ethereum climbed to $4,568. The Fed cited weaker job growth and a softer economic outlook, leading to over $105 million in crypto liquidations. On-chain data shows easing sell pressure for Bitcoin and Ethereum.

Read more at Yahoo Finance: Bitcoin Spot ETF Records $51M Outflow Snaps 7-Day Inflow Streak as ETH Bleeds Again