The U.S. Bitcoin spot ETF market has seen outflows for four consecutive weeks
On March 9th, it was reported that the US Bitcoin spot ETF market has seen outflows for four consecutive weeks. According to data from Farside Investors, the largest weekly outflows as of the week ending March 7th include: Fidelity's Wise Origin Bitcoin Fund (FBTC) with a net outflow of $201 million, marking six consecutive weeks of outflows. ARK 21Shares Bitcoin ETF (ARKB) saw a net outflow of $163.5 million. iShares Bitcoin Trust (IBIT) had a net outflow of $129.6 million. With institutional investors withdrawing, weak demand has disrupted the supply-demand balance of Bitcoin, leading to an 8.76% decline in the past week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x DGAI: Trade to share 60,000 USDT
CandyBomb x DEBIT: Trade to share 45,000 USDT
Bitget Will Support the BounceBit (BB) Contract Swap
Hold USDGO for dual perks, earn up to 30%+ APR!
