Bitcoin ETFs see $120m outflow as Ethereum ETFs gain $34.7m
Bitcoin (BTC)
Editor:
Eugene Serbin
According to lookonchain.com, U.S. spot Bitcoin ETFs recorded a net outflow of $120 million yesterday. The outflows were distributed across several funds, with IBIT seeing $19.5 million leave, ARKB losing $78 million, and GBTC dropping by $27.2 million. In contrast, U.S. spot Ethereum ETFs experienced a net inflow of $34.7 million during the same period.
This positive flow was driven by ETHA attracting $9.7 million and ETHB drawing in $22.9 million. Beyond ETFs, Spark announced it will shut down the SparkLend lending protocol on Gnosis Chain on September 14. Tencent open-sourced its "Audio Version of Nano Banana," a tool covering text modification and voice replacement, which helped voice editing tools surge in rankings.
Moonshot AI, also known as Kimi, is considering a dual listing on the Hong Kong Stock Exchange and the STAR Market. Well-known trader Killa predicts Bitcoin’s pullback will top out just under $70,000, noting the bottom gap does not necessarily need to be filled. Additionally, Bitget became the first crypto platform to integrate Nasdaq’s official data source, while Polymarket appointed its first CFO to catch up with Kalshi.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Bitcoin is trading at $78,306.43 with a 1-hour buy ratio of 37.1% and a 4-hour buy ratio of 32.3%, both significantly lower than the 24-hour buy ratio of 46.9%. This indicates that buying pressure is fading in the short term compared to the broader daily trend. The 1-hour volume delta is -$13,224,204, while the 4-hour delta is -$60,442,086, showing sustained selling pressure over the last few hours. The 24-hour volume delta stands at -$70,116,211, with a cumulative volume delta (CVD) of -$117,302,641 at the close. These negative deltas mean that sell volume has consistently exceeded buy volume, pushing the price down. Only 7 out of 24 hours saw net buying, highlighting a dominant bearish sentiment in spot trading.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.8%, making today's 24-hour ratio of 46.9% slightly below average by 1.9 points. The 24-hour spot volume of $1,114,730,666 is 0.99 times the weekly average, indicating trading activity is near normal levels. Weekly data shows 2 days of net buying out of 7, with a total volume delta of -$221,509,764 over eight days. The price has changed only +1.2% over the last 8 days, suggesting relative stability despite the recent outflows. This day is ordinary in terms of volume but unusual in its short-term bearish divergence from the daily average.