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Investors continued to reassess their positions in bitcoin and ether funds with data from Sosovalue revealing that bitcoin exchange-traded funds (ETFs) endured net outflows totaling $371 million on Tuesday, Mar. 11, marking the 7th consecutive day of withdrawals. Ether ETFs weren’t spared either, recording net outflows of $21.57 million, extending their streak to five successive days.
A significant portion of the bitcoin ETF outflows was attributed to Blackrock’s IBIT, which saw $151.26 million exit the fund. Fidelity’s FBTC wasn’t far behind, with outflows amounting to $107.10 million.