The US Bitcoin spot ETF market has seen capital outflows for four consecutive weeks
News on March 9, the US Bitcoin spot ETF market has seen capital outflows for four consecutive weeks. According to data from Farside Investors, as of the week ending March 7, the largest single-week fund outflows included: Fidelity Wisdom Origin Bitcoin Fund (FBTC) with a net outflow of $201 million, continuing its outflow for six weeks. 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. With institutional investors pulling back, weak demand disrupted the balance between supply and demand for bitcoin, causing it to fall by 8.76% over the past week.
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The total on-chain holdings of US spot Bitcoin ETFs have surpassed 1.32 million BTC.