US spot Bitcoin ETF ended 8 consecutive days of net outflows and recorded net inflows for the first time

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ODAILY
03-02
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Odaily reported that according to data from , after experiencing 8 consecutive trading days of net outflows, the US spot Bitcoin ETF recorded a net inflow of $94 million last Friday. The net inflow was mainly from the ARKB fund (net inflow of $194 million) of Ark and 21Shares, as well as the FBTC fund (net inflow of $176 million) of Fidelity. However, these gains were offset by the continuous outflows from BlackRock's IBIT fund, which saw an outflow of $244.5 million on Friday, bringing its total outflows for the week to $1.175 billion. Last week, Standard Chartered's global head of digital assets research, Geoffrey Kendrick, said: "While Bitcoin has performed relatively well in the digital asset space, it is now caught up in a sell-off driven by the Solana meme coin, as well as a broader risk-averse sentiment in the market." ()

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