Bitcoin spot ETFs saw a total net outflow of $228 million yesterday, with only the Valkyrie ETF BRRR experiencing a net inflow.

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PANews
03-06
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PANews reported on March 6 that, according to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $228 million yesterday (March 5, Eastern Time).

The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Valkyrie ETF BRRR, with a net inflow of $5.4211 million. The total historical net inflow of BRRR is currently $16.9935 million.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock ETF IBIT, with a net outflow of $88.7436 million. IBIT's total historical net inflow has reached $803 million.

As of press time, the total net asset value of Bitcoin spot ETFs was $91.44 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.42%, and a historical cumulative net inflow of $55.718 billion.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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