ETF with headquarters in the USA (stock exchange funds) are still fighting in the field of investors’ participation and interest in the last few weeks. In the last week of February, financial products based on cryptography recorded a record one -day withdrawal worth $ 1.14 billion.
History was not very different so that ETF Bitcoin began in March, registering a net outflow by almost $ 800 million over the past week. This growing trend reflects the change in the appetite and sentiment of institutional investors, especially in the United States.
Bitcoin ETFS Publish $ 409 million per day net outflow
According to the latest Market dataThe United States ETF Bitcoin market was recorded on Friday, March 7, a daily net outflow of around $ 409 million. This meant the fifth day of payments for Bitcoin rotary funds.
ARK and 21 Bitcoin ETF shares (from Ticker Arkb) were recorded on Friday with the largest payday volume (over $ 160 million). Then came the Fidelity Wise Origin Bitcoin Fund (FBTC), which published a net outflow of around $ 155 million to close the week.
Blackrock’s Bitcoin Trust (IBIT), the largest Bitcoin Exchange commercial fund according to net assets, fell on Friday with a net value of USD 39.85 million. Meanwhile, Bitcoin Trust (GBTC) Grayscale (GBTC) and BitWise’s BTC Fund (BitB) with complete outflow of approximately USD 36.5 million and USD 18.6 million on the day, respectively.
Source: SoSoValue
Interestingly, the Bitcoin Vanecka Fund (from Ticker Hodl) was the only American ETF Bitcoin that recorded net inflow on Friday. The replacement fund has added approximately USD 617,500 USD to close the week.
As already mentioned, this one -day performance was the fifth net of net outflows for ETF Bitcoin. Cryptography -based products have not yet noticed the influx of influx day, because they recently had a daily net influx on Friday, February 28.
This one -day payment of $ 409 million caused the weekly Bitcoin ETFS results as a result of a net outflow of $ 799.9 million over the past week. Interestingly, it represents the fourth week in a row (and the second highest in history) net outflows for stock market turnover funds.
Bitcoin price at first glance
The efficiency of BTC rotary funds in recent weeks slightly reflects the leisurely bitcoin prices in the same period. The price of bitcoins was not able to maintain a positive pace from the slightly improvement in the cryptographic climate in the United States.
At this time, the most essential cryptocurrency is around USD 86 100, which reflects the price drop by over 1% in the last 24 hours. According to Coingecko data, in weekly time frames, the Bitcoins price increased by over 2%.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Recommended photo from Istock, chart from TradingView
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