According to data released by Farside Investors on March 29th, a significant development occurred in the Bitcoin market as the US Bitcoin spot ETF experienced a net outflow of $93.2 million. This marked the conclusion of a notable ten-day period characterized by consistent net inflows, highlighting a shift in investor sentiment. The Fidelity FBTC was notably impacted, accounting for the entire outflow, while other spot ETFs maintained a net flow of zero. This trend underscores the volatility within the cryptocurrency sector and reflects the cautious approach that investors are currently adopting amid fluctuating market conditions.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024