Bitcoin spot ETFs saw a total net outflow of $349 million yesterday, with none of the twelve ETFs experiencing net inflows.

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ODAILY
03-07
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According to data from SoSoValue, Bitcoin Odaily ETFs saw a net outflow of $349 million yesterday (March 6th, Eastern Time).

The Bitcoin spot ETF with the largest single-day net outflow yesterday was the Fidelity ETF FBTC, with a net outflow of $159 million. The total historical net outflow for FBTC is currently $153 million.

The second largest outflow was from the BlackRock ETF IBIT, which saw a net outflow of $143 million in a single day. IBIT's total historical net inflow has reached $660 million.

As of press time, the total net asset value of Bitcoin spot ETFs was $87.075 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.39%, and a cumulative net inflow of $55.369 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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