JPMorgan: Bitcoin Spot ETPs Post $112.6M Weekly Outflow as Flows Concentrate in IBIT and FBTC
AI Market Summary
J.P. Morgan data show continued U.S. spot Bitcoin ETP redemptions ($175m daily; $1.126b weekly across BTC/ETH/SOL), signaling softer near-term risk appetite despite a modest pace slowdown. Flows are increasingly concentrated in IBIT and FBTC, implying consolidation and reduced breadth across issuers. Ethereum ETP flows look more hedged than directional, with offsetting inflows/outflows between major products.
Impact level
● Medium
Affected assets
BTC/USDT-1.23%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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A J.P. Morgan report dated September 8, 2026, cited by Chaoxiang Research, said U.S. spot Bitcoin ETPs saw net outflows of $175 million on September 4. Ethereum ETPs recorded net inflows of $9 million, while Solana ETPs posted net outflows of $5 million.
Across the week, the combined net outflow for the three major categories totaled $1.126 billion, a modest slowdown versus the prior two weeks.
Flows were heavily concentrated in a handful of products. BlackRock's IBIT drew $118 million in single-day inflows, and Fidelity's FBTC attracted $570 million, while all other products recorded zero inflows.
Within Ethereum ETPs, the report pointed to pronounced hedging activity: BlackRock's ETHA took in $58 million, while Fidelity's FETH saw $48 million in outflows.
Total assets under management for Bitcoin ETPs were $101.25 billion.
