Spot Bitcoin ETFs See $143.43 Million in Net Outflows
Spot Bitcoin ETFs in the United States experienced a significant increase in net outflows as market experts voiced concerns over President Donald Trump’s proposed crypto reserve plan.
According to SoSoValue data, the 12 Bitcoin ETFs faced net outflows of $143.43 million on March 4—nearly double the net inflows of $74.19 million recorded the previous day.
Fidelity’s FBTC and ARK 21Shares’ ARKB led the outflows with $46.08 million and $43.92 million, respectively, while Franklin Templeton’s EZBC saw net redemptions of $35.71 million.
Other Bitcoin ETFs contributing to the decline included Bitwise’s BITB, Invesco Galaxy’s BTCO, and WisdomTree’s BTCW, which recorded outflows of $23.96 million, $16.47 million, and $13.07 million, respectively.
Contrarily, Grayscale’s mini Bitcoin Trust bucked the trend by recording a net inflow of $35.77 million, somewhat mitigating the day’s overall outflows. The remaining five Bitcoin ETFs showed no significant inflows or outflows.
