ETFS in the United States Bitcoin 800 million dollars is recorded last week – details

The US -based Bitcoin investment funds (the traded boxes on the stock exchange) have continued to struggle in terms of investor and benefits over the past few weeks. In the last week of February, coding financial products witnessed standard destruction $ 1.14 billion, one day withdrawal.

The story was not much different from the start of the Bitcoin investment funds in March, where it recorded a net flow of about $ 800 million last week. This increased trend reflects the shift in the appetite and feelings of institutional investors, especially in the United States.

Bitcoin’s investment funds publish $ 409 million per day

According to the latest Market dataBitcoin ETF market for the United States has recorded a daily flow of about $ 409 million on Friday, March 7. This represents the fifth consecutive day of withdrawals for the money traded on the Bitcoin Stock Exchange.

ARK & 21 shares Bitcoin ETF (with Ticker Arkb) witnessed the largest volume of withdrawals (more than 160 million dollars) on Friday. This was closely followed by Fidelity Wise Origin Bitco Fund (FBTC), which has published net flows of about $ 155 million to close the week.

Blackrock’s Bitcoin Trust (IBIT), The largest box trading on the Bitcoin Stock Exchange Through the net assets, the net value decreased by $ 39.85 million on Friday. Meanwhile, the Bitcoin Trust (GBTC) and the Bitlise’s BTC (BitB) Fund followed the total exaggeration of $ 36.5 million and $ 18.6 million, respectively, a day.

Source: SoSoValue

Interestingly, the VANECK’s Bitcoin (with Tocker Hodl) was the only one of the US -based Bitcoin investment funds that recorded a net flow on Friday. The trading box for exchange added about $ 617,500 in value to close the week.

As we mentioned earlier, this performance represents per day in the fifth consecutive day of the net external flows of the investment funds circulating in Bitcoin. The encryption products never recorded a flow in March, when they last published a daily flow on Friday, February 28.

This withdrawal of $ 409 million in the weekly performance of Bitcoin ETFS has placed a net flow of $ 799.9 million last week. Interestingly, this represents The fourth week in a row (The second highest level ever) of net flows of money circulating in the exchange of encryption.

Bitcoin price at a glance

It reflects the performance of the money traded on the stock exchange in the last weeks Slow Bitcoin work During this same period. Bitcoin price has not been able to maintain any positive momentum to improve the encryption climate in the United States.

From writing these lines, the value of the first cryptocurrency is estimated at about 86100 dollars, which reflects a decrease in prices by more than 1 % during the past 24 hours. Despite the weekly time frame, the Bitcoin price rises by more than 2 %, according to data from Coingecko.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Distinctive image from Istock, tradingvief chart