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Bitcoin and Ethereum spot exchange-traded funds (ETFs) continued to see heavy outflows, with total Bitcoin spot ETF net outflows reaching $143 million for the day.
Bitcoin and Ethereum Spot ETFs See Significant Outflows on March 13
Despite the broader sell-off, BlackRock’s IBIT ETF saw net inflows of $45.75 million, signaling continued investor interest in its product. However, Ethereum spot ETFs also suffered significant losses, with net outflows totaling $73.63 million.
The crypto ETF market has faced increased volatility recently as investors react to macroeconomic concerns and regulatory uncertainty.
Although some funds, such as BlackRock’s IBIT, are still attracting capital, overall sentiment remains cautious.
BlackRock is an American multinational asset management company headquartered in New York. Founded in 1988 initially as a risk management and asset management business, the company will be the world’s largest asset manager by 2025, with assets under management reaching $10 trillion.
*This is not investment advice.
Continue Reading: Bitcoin and Ethereum Spot Exchange Traded Funds (ETFs) Continue to Exit! Here’s the Latest Data
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