Spot Bitcoin and Ethereum ETFs posted significant outflows of nearly $400 million on Sept. 4, extending the asset class’s week of uneven performance.

According to SoSoValue data, Bitcoin ETFs reversed a two-day streak of inflows and closed with $227 million in net outflows.

Investor pullback was most evident across flagship products, as Fidelity’s FBTC saw $117.45 million in redemptions, Ark Invest’s ARKB dropped $125.49 million, and Bitwise’s BITB faced $66.37 million in outflows.

In contrast, BlackRock’s IBIT was the lone bright spot, attracting $134.71 million in inflows, though this was outweighed by losses elsewhere.

Institutional interest in Ethereum ETFs

The losses were also pronounced on the nine Ethereum ETFs side.

The ETH-focused ETFs saw $166.38 million in outflows, marking the fourth consecutive day of withdrawals. BlackRock’s ETHA absorbed $149.81 million exits on the day, but Fidelity’s FETH processed a larger $216.68 million redemption.