$BTC

#ETF Spot Bitcoin Starts the Week with Outflow of US$189 Million

The Spot Bitcoin Exchange-Traded Fund (ETF) in the United States (US) experienced an outflow of US$189.2 million or equivalent to Rp3.1 trillion at the beginning of this week, Monday (11/03).

In detail, the Fidelity Wise Origin Bitcoin Fund (FBTC) recorded the largest outflow of up to US$134 million. Grayscale Bitcoin Trust ETF (GBTC), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), and Bitwise Bitcoin ETF (BITB) also experienced outflows of US$20.6 million, US$14.2 million, US$13.6 million, and US$6.8 million respectively.

The possibility of continued outflows is likely due to investor dissatisfaction with the results of the Digital Asset High-Level Conference at the White House that took place last weekend.

Unfortunately, this marks the 14th consecutive outflow during the trading period that has been ongoing since February 18.