Bitcoin ETFs experienced a net outflow of $369 million, marking the 6th consecutive day of withdrawals, while ether ETFs saw a $38 million outflow, extending their decline to four days.
Bitcoin ETFs Suffer $369 Million Outflow Amid Six-Day Withdrawal Streak
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No End in Sight for Outflows From Bitcoin and Ether ETFs
The significant outflows from bitcoin and ether exchange-traded funds (ETFs) continued on Monday, Mar. 10 with bitcoin ETFs recording a substantial net outflow of $369.42 million, marking the 6th consecutive day of investor withdrawals while ether ETFs saw a net outflow of $37.53 million.
Fidelity’s FBTC led the downturn with a $134.04 million outflow, followed by Ark 21Shares’ ARKB which saw a $90.87 million exit, and Blackrock’s IBIT with a $89.24 million fund departure. Grayscale’s GBTC wasn’t spared either, losing $20.60 million. Invesco’s BTCO and Franklin’s EZBC also faced outflows of $14.20 million and $13.64 million, respectively.
Bitwise’s BITB rounded out the list with a $6.84 million reduction. These movements brought the net assets for bitcoin ETFs down to $88.14 billion, a significant drop from the previous $100 billion benchmark.
Ether ETFs weren’t immune to the bearish sentiment, experiencing a net outflow of $37.53 million, marking the fourth consecutive day of declines. Fidelity’s FETH bore the brunt with a $23.68 million outflow.
Grayscale’s ETHE and ETH followed, shedding $4.84 million and $3.88 million, respectively. 21Shares’ CETH saw a $3.53 million fund exit with Bitwise’s ETHW rounding up the losses with a $1.60 million outflow. Consequently, the total net assets for ether ETFs dipped to $6.65 billion.
These ongoing outflows reflect sustained investor caution amidst market volatility, macro uncertainty, or portfolio rebalancing.
