Discover the latest trends in capital outflow from Bitcoin and Ethereum ETFs. Learn about the recent withdrawals and their impact.
On Tuesday, March 11th, the exchange-traded funds (ETFs) of Bitcoin saw a net capital outflow of $371 million, marking the seventh consecutive day of withdrawals. Similarly, Ethereum ETFs faced challenges and experienced a net capital outflow of $22 million, marking the fifth consecutive day of withdrawals. Data from SoSoValue indicates that a significant portion of the capital outflow from Bitcoin ETFs was attributed to the IBIT BlackRock fund with $151.26 million and FBTC Fidelity with $107.10 million. Grayscale’s GBTC also faced a $35.49 million outflow. In the Ethereum ETF sector, the ETHA BlackRock fund experienced the highest outflow with $11.82 million.
