NEWSLETTER
The eTF of bitcoin based in the USA. UU. In the last week of February, cryptography -based financial products witnessed a single record of $ 1.14 billion.
The story was not very different for bitcoin ETFs to begin the month of March, registering a net exit of almost $ 800 million in the last week. This growing trend reflects the change in the appetite and feeling of institutional investors, especially in the United States.
bitcoin ETFS Post $ 409 million in a daily net departure
According to the last <a target="_blank" href="https://sosovalue.com/assets/etf/us-btc-spot” target=”_blank” rel=”noopener nofollow”>Market dataThe bitcoin ETF market in the United States registered a daily net exit of approximately $ 409 million on Friday, March 7. This marked the fifth consecutive retreat day for funds quoted in bitcoin Exchange.
Ark & 21 bitcoin ETF shares (with the ARKB ticket) saw the highest volume of retreats (more than $ 160 million) on Friday. This was closely followed by Fidelity Wise Origin bitcoin Fund (FBTC), which published net exits of approximately $ 155 million to close the week.
Blackrock bitcoin Trust (ibit), the largest fund quoted by bitcoin Exchange for net assets, decreased in net value by $ 39.85 million on Friday. Meanwhile, bitcoin Trust (GBTC) and Bitwise's btc Fund (BITB) continued with total exits of approximately $ 36.5 million and $ 18.6 million, respectively, in the day.
Source: SoSoValue
Interestingly, the Vaneck bitcoin background (with the Hodl Ticker) was the only one of the bitcoin ETF based in the United States that recorded a net entrance on Friday. The bottom quoted in the stock market added around $ 617,500 in value to close the week.
As already mentioned, this single -day performance marked the fifth consecutive day of net exits for bitcoin ETFs. Cryptographic products have not yet registered one day of entry in March, since the last time they registered a net daily entry on Friday, February 28.
This single -day retirement of $ 409 million put the weekly yield of bitcoin ETFs in a net exit of $ 799.9 million in the last week. Interestingly, this represents the fourth consecutive week (and the second highest) of the net outings for the funds quoted by the exchange of cryptocurrencies.
bitcoin price at a glance
The performance of the funds quoted in the btc stock market in recent weeks reflects a bit the slow action of bitcoin within this same period. The price of bitcoin has not been able to maintain any positive impulse of the cryptographic climate something improving in the United States.
At the time of writing this article, the main cryptocurrency is valued at around $ 86,100, which reflects a decrease in the price of more than 1% in the last 24 hours. However, within the weekly term, the price of bitcoin has increased by more than 2%, according to Coingcko data.
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The price of btc on the daily timeframe | Source: BTCUSDT chart on x/oYmxDw25/" target="_blank" rel="noopener nofollow">TradingView
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