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
Kuaishou’s Kling AI set to hit $100 M in sales
Share link:In this post: Kuaishou’s AI video tool Kling is set to hit $100 million in sales by February. Kling generated over 100 million yuan ($14 million) monthly in April and May. The platform uses a token system called “inspiration credits” to sell video creation services.
What Is Pi Network’s GCV and Why Is Everyone Talking About It?
Here’s What 2,000 XRP Could Be Worth by the End of 2025
Trending news
MoreCrypto prices
More
