Significant $59.2 Million Outflow Hits U.S. Bitcoin Spot ETFs Amid BlackRock’s $96.2 Million Loss

COINOTAG has reported that on March 15th, recent data from Farside Investors indicates a significant net outflow from the U.S. Bitcoin spot Exchange Traded Fund (ETF), totaling $59.2 million. Notably, the BlackRock IBIT experienced the largest decline with a withdrawal of $96.2 million, highlighting investor apprehension towards this traditional financial institution’s handling of digital assets. Conversely, both Fidelity’s FBTC and Bitwise’s BITB reported positive inflows, attracting $9.2 million and $23 million, respectively. Additionally, VanEck’s HODL saw a modest increase of $4.8 million, suggesting that selective interest in cryptocurrency remains despite broader outflows. These trends underscore a complex market environment where investor sentiment is finely balanced, reflecting the ongoing evolution of institutional interest in cryptocurrencies.