Bitcoin ETFs See $296M in Outflows, IBIT Leads the Way Out
It was another outflow week for US bitcoin spot ETFs. According to SoSoValue, total net outflows for the trading week of March 23rd to March 27th came in at $296 million.
BlackRock's IBIT took the biggest hit, shedding $158 million. Its lifetime net inflows now stand at $63.10 billion. Bitwise's BITB followed, with $68.29 million in outflows. Its total net inflows since launch sit at $2.07 billion.
On the flip side, Fidelity's FBTC pulled in $46.88 million, bringing its lifetime net inflows to $10.99 billion.
As of press time, total net assets held by bitcoin spot ETFs sit at $84.77 billion. That's about 6.42% of bitcoin's total market cap. Cumulative net inflows have now reached $55.93 billion.
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