PiCK
US Spot-Bitcoin ETFs Post $291.11 Million of Net Outflows as Fidelity, Ark Lead Withdrawals
Summary
- US-listed spot-Bitcoin ETFs recorded total net outflows of about $291.11 million.
- Heavy net outflows were recorded in products including Fidelity’s FBTC, Ark Invest’s ARKB, and Grayscale’s GBTC.
- By contrast, some products including BlackRock’s IBIT, Bitwise’s BITB, and Morgan Stanley’s MSBT posted inflows.
Forecast Trend Report by Period
US-listed spot-Bitcoin exchange-traded funds recorded heavy net outflows.
Data from Trader T showed total net outflows from US spot-Bitcoin ETFs reached about $291.11 million on March 13.
Fidelity’s FBTC led the declines, with net outflows of $229.22 million. Ark Invest’s ARKB posted net outflows of $62.89 million, while Grayscale’s GBTC saw $38.25 million leave the fund. Grayscale’s mini Bitcoin product also recorded net outflows of $11.03 million, and VanEck’s HODL posted net outflows of $2.58 million.
Some products drew inflows. BlackRock’s IBIT added $34.70 million, Bitwise’s BITB took in $11.88 million, and Morgan Stanley’s MSBT, a new product, recorded inflows of $6.28 million. The remaining products were unchanged.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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