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Spot Bitcoin ETFs Experience $143.3 Million Net Outflow as BTC Demand Stalls
Spot Bitcoin ETFs in the US experienced a significant outflow of $143.3 million on March 13, halting a brief inflow of $13.3 million from March 12. Total trading volume for these products exceeded $2.5 billion.
- Fidelity’s FBTC fund faced the most considerable outflow at $75.5 million.
- ARK 21Shares’ ARKB ETF saw an outflow of $60.2 million.
- WisdomTree’s BTCW and Grayscale’s GBTC had outflows of $14.5 million and $12.7 million, respectively.
- BITB, BRRR, and EZBC collectively contributed to a $26 million outflow.
- BlackRock’s IBIT ETF recorded an inflow of $45.7 million after five days of outflows.
Ethereum spot ETFs also suffered, with a net outflow of $73.6 million, marking seven consecutive days of declines.
Bitcoin Demand Is Stuck
Ki Young Ju, CEO of CryptoQuant, noted that Bitcoin's demand is currently stagnant, indicating a lack of strong interest from individual and institutional investors. The apparent demand metric has significantly decreased since reaching an all-time high of $109,000 in January 2025.
Bitcoin's price is around $82,300, down 1.2% in the last 24 hours. Daily trading volume has decreased by 22%, totaling $29 billion.