The U.S. Bitcoin spot ETF market has seen outflows for four consecutive weeks

PANews reported on March 9 that according to Jinshi, the U.S. Bitcoin spot ETF market has seen capital outflows for four consecutive weeks. According to Farside Investors data, the largest single-week outflows of ETFs in the week ending March 7 included: Fidelity Smart Origin Bitcoin Fund (FBTC) had a net outflow of $201 million, which was six consecutive weeks of outflows. ARK 21Shares Bitcoin ETF (ARKB) had a net outflow of $163.5 million. iShares Bitcoin Trust (IBIT) had a net outflow of $129.6 million. As institutional investors withdrew, weak demand disrupted the supply and demand balance of Bitcoin, causing Bitcoin to fall 8.76% in the past week.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
2 hour ago
4 hour ago
5 hour ago
6 hour ago
8 hour ago
8 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读