Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity's FBTC Takes the Hit
Portfolio Pulse from
Bitcoin spot ETFs broke a 10-day positive inflow streak with a $93.16 million outflow on March 28, 2024. Fidelity's FBTC suffered the most significant withdrawal of $144.56 million, while Blackrock's IBIT saw $95.37 million in inflows. Despite the bitcoin ETF setback, ether ETFs are gaining momentum.
March 29, 2025 | 7:45 pm
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NEGATIVE IMPACT
FBTC saw $144.56 million in liquidations, marking its first negative flow day after a previous streak of positive momentum.
Large outflow indicates potential short-term investor uncertainty or profit-taking, which could negatively impact the ETF's price in the near term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
IBIT attracted $95.37 million in inflows, demonstrating resilience amid overall bitcoin ETF outflows.
Continued inflows suggest investor confidence in Blackrock's bitcoin ETF, potentially supporting its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85