**US ETFs Record Massive Outflows as Market Caution Persists**On September 6, the U.S. exchange-traded fund (ETF) market saw significant outflows once again. According to Spot On Chain, a leading on-chain analytics provider, Bitcoin ETFs experienced $170M in outflows, while Ethereum ETFs recorded $6M in withdrawals. The analytics platform shared these insights on its official X account, highlighting the current state of the ETF market.🚨 US #ETF 06 SEP: 🔴$170M out of $BTC and 🔴$6M out of $ETH🌟 **BTC ETF UPDATE (final):** -$170M- No inflows were recorded for U.S. Bitcoin ETFs for the second consecutive day.- Total weekly outflow stands at -$706M, with withdrawals every day this week.🌟 **ETH ETF UPDATE (final):** -$6MBitcoin ETFs Face $170M in Outflows as Downtrend PersistsSpot On Chain noted that the $170M outflows from Bitcoin ETFs reflect an ongoing market downturn. Fidelity’s Bitcoin ETF ($FBTC) led the outflows with nearly $85M withdrawn, followed by Grayscale’s ETF ($GBTC) with $52.9M in withdrawals. Bitwise ($BITB) saw $14.3M in outflows, ARK 21Shares ($ARKB) recorded $7.2M, and Grayscale Mini ($BTC) saw $5.5M in outflows. Valkyrie ($BRRR) had the least, with $4.6M in outflows.These outflows mark the second day without any inflows for Bitcoin ETFs, bringing the total weekly outflow to a staggering $706M. This trend of consistent withdrawals has raised concerns about short-term investor sentiment and the declining appeal of U.S. Bitcoin ETFs.**Ethereum ETFs Lose Another $6M Amid Shifting Market Sentiment**Ethereum ETFs also faced significant outflows, with $6M withdrawn on September 6. Grayscale’s Ethereum ETF ($ETHE) was the only one to see an outflow, losing $10.7M, overshadowing the inflows recorded by BlackRock’s ETF ($ETHA), which added $4.7M. Total weekly outflows for Ethereum ETFs have now reached $91.1M.The ongoing outflows from Bitcoin and Ethereum ETFs highlight a broader market retreat, particularly within the U.S. ETF sector. However, market observers remain optimistic about future developments, viewing this period as a potential consolidation phase where investors reassess their portfolios. Despite the current ETF downturn, analysts maintain a positive long-term outlook for both $ETH and $BTC.