Bitcoin ETFs Experience $93M Outflow, Ending 10-Day Inflow Streak

Recent data reveals a significant shift in Bitcoin ETF activity as U.S.-based spot Bitcoin ETFs witnessed a notable outflow of $93.2 million on March 28th. This marked the end of a 10-day streak of consistent inflows, leaving investors wondering what factors led to this unexpected turn of events. The primary culprit was Fidelity’s Wise Origin Bitcoin Fund (FBTC), which accounted for the bulk of the outflow.