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Outflows from Bitcoin and Ethereum Spot Exchange Traded Funds ler( )ETF Continue! Here's the latest data
Bitcoin and Ethereum spot exchange-traded funds continued to face heavy outflows ler( )ETF, with total Bitcoin spot ETF net outflows reaching $143 million for the day.
Bitcoin and Ethereum Spot ETFs Saw Significant Outflows on March 13
Despite the broader sell-off, BlackRock's IBIT ETF saw net inflows of $45.75 million, signaling continued investor interest in its product. However, Ethereum spot ETFs also suffered significant losses, with a total net outflow of $73.63 million.
The crypto ETF market has recently faced increased volatility as investors react to macroeconomic concerns and regulatory uncertainty.
While some funds, such as BlackRock's IBIT, are still attracting capital, the overall sentiment remains cautious.
BlackRock is an American multinational asset management company based in New York. Founded in 1988 as an initial venture management and asset management, the company is the world's largest asset manager by 2025, with $10 trillion in assets under management.