Bitcoin ETF: ARKB Drives $120.24M Withdrawal
U.S. spot Bitcoin ETFs saw $120.24M net outflows on September 9, 2026, with ARKB and IBIT accounting for the largest withdrawals at $77.98M and $19.53M, respectively. Morgan Stanley's MSBT recorded a $4.49M net inflow. Bitcoin traded near $77,945, down 1.2% over 24 hours. Earlier in September, the ETFs saw significant inflows, including $730.9M on September 3 and $174.6M on September 4.
How this was made

The 30-second read
Why it matters
The outflows suggest a short‑term reduction in demand for Bitcoin exposure via ETFs, which could pressure ETF prices and reflect broader market sentiment toward crypto assets.
Market read
The reported outflows are a notable short‑term signal for Bitcoin‑linked ETFs, potentially influencing trading decisions in the crypto‑ETF space.
What to watch
Potential macro‑economic drivers, such as upcoming Fed data, may be influencing investor sentiment toward crypto assets.
Background
U.S. spot Bitcoin ETFs have experienced two consecutive days of net outflows, totaling $120.24 M, amid a modest decline in Bitcoin price.
Ticker impact
ARK Invest's ARKB Bitcoin ETF recorded a $77.98 M net outflow on Sep 9, the largest among U.S. spot Bitcoin ETFs.
Potential short‑term dip in ARKB NAV.
Outflows of $78 M are material for an ETF of this size and could trigger redemptions.
BlackRock's IBIT Bitcoin ETF posted a $19.53 M net outflow on Sep 9.
Modest short‑term decline in IBIT price.
Outflow is sizable relative to daily trading volume.
Morgan Stanley's MSBT Bitcoin ETF recorded a $4.49 M net inflow on Sep 9, the only positive flow that day.
Potential modest upside or stability for MSBT.
Inflow is modest compared to market‑wide outflows.
Market effects
May indicate short‑term softness in Bitcoin‑linked products and could affect broader crypto‑ETF sector.
U.S. investors showing reduced appetite for spot Bitcoin ETFs on the reported day.
Outflows reflect a temporary pullback in crypto exposure, but likely limited global impact.
Counterpoint
The outflows could be a buying opportunity if the dip is over‑reacted and Bitcoin price stabilizes.
Key entities
- Asset ManagerARK Invest
Provider of the ARKB Bitcoin ETF.
- Asset ManagerBlackRock
Provider of the IBIT Bitcoin ETF.
- Asset ManagerMorgan Stanley
Provider of the MSBT Bitcoin ETF.




