coin-img-ETHETH-4.54%coin-img-BTCBTC-4.22%coin-img-OKBOKB+2.47%coin-img-OPNOPN-15.84%coin-img-SOLSOL-4.37%coin-img-TAATAA-7.27%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.48%coin-img-ETHETH-4.54%coin-img-BTCBTC-4.22%coin-img-OKBOKB+2.47%coin-img-OPNOPN-15.84%coin-img-SOLSOL-4.37%coin-img-TAATAA-7.27%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.48%coin-img-ETHETH-4.54%coin-img-BTCBTC-4.22%coin-img-OKBOKB+2.47%coin-img-OPNOPN-15.84%coin-img-SOLSOL-4.37%coin-img-TAATAA-7.27%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.48%coin-img-ETHETH-4.54%coin-img-BTCBTC-4.22%coin-img-OKBOKB+2.47%coin-img-OPNOPN-15.84%coin-img-SOLSOL-4.37%coin-img-TAATAA-7.27%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.48%
user-avatar
Caroline Amosun

U.S. Spot Bitcoin ETFs Log First March Outflow as $227.83 Million Pulled on March 5

On March 5, U.S. spot Bitcoin ETFs collectively recorded their first net outflow of March, with $227.83 million withdrawn as Bitcoin traded near $71,270. Trading activity across the ETF market reached $6.5 billion that day, while BlackRock, Fidelity, Bitwise, ARK 21Shares and Grayscale all saw redemptions and Valkyrie's BRRR fund attracted $5.42 million in new capital. Following the muted institutional participation, Bitcoin slipped back into negative territory, dropping 4.19% in the last 24 hours to around $69,931.
BTC
BTC-4.25%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.