TechFlow News, March 30: According to SoSoValue data, Bitcoin spot ETFs recorded net outflows of $296 million last week (U.S. Eastern Time, March 23–27).
Last week’s largest net outflow among Bitcoin spot ETFs was from BlackRock’s IBIT ETF, with weekly net outflows totaling $158 million. IBIT’s cumulative net inflows to date stand at $63.10 billion. Second on the list was Bitwise’s BITB ETF, with weekly net outflows of $68.29 million; BITB’s cumulative net inflows to date total $2.07 billion.
The Bitcoin spot ETF with the largest net inflow last week was Fidelity’s FBTC ETF, which saw weekly net inflows of $46.88 million. FBTC’s cumulative net inflows to date amount to $10.99 billion.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs stands at $84.77 billion, representing a 6.42% ratio of Bitcoin’s total market capitalization. Cumulative net inflows since inception have reached $55.93 billion.
