Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity’s FBTC Takes the Hit
Jamie Redman
Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity’s FBTC Takes the Hit
Data compiled Friday revealed a striking reversal for spot bitcoin exchange-traded funds, which snapped a ten-session inflow streak with a $93.16 million exodus—marking their first day of negative movement.
Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity’s FBTC Takes the Hit
Bitcoin ETFs Drain While Ether ETFs Gain
The abrupt shift punctuated a previously unbroken stretch of positive momentum for U.S. bitcoin ETFs, culminating in a $93.16 million withdrawal on March 28, according to sosovalue.com stats.
Eleven of the twelve bitcoin funds maintained equilibrium, with no net activity across their ledgers during the trading session. Fidelity’s FBTC singularly absorbed the financial tremor, accounting for the entire $93.16 million redistribution that day.
Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity’s FBTC Takes the Hit
Data current through March 29, 2025, reveals that spot BTC exchange-traded funds have amassed a formidable $36.24 billion in net inflows since their Jan. 11, 2024 debut—a testament to their enduring gravitational pull in digital asset markets.
Friday’s session saw $2.22 billion change hands across the dozen funds, even as the cohort’s aggregate BTC holdings settled at $94.39 billion post-outflow, now commanding 5.68% of bitcoin’s total market value.
While bitcoin-focused funds navigated choppy waters, their ether-based counterparts charted a steadier course, eking out incremental gains. Once again, activity coalesced around a lone contender: eight of nine ether ETFs flatlined, while Grayscale’s ETHE siphoned $4.68 million into its coffers—a solitary bright spot.
Metrics from March 28 show ether funds collectively garnered $234.23 million in trading activity, with cumulative inflows since July 2024 cresting at $2.41 billion. The nine-fund alliance now safeguards $6.42 billion in ether reserves, constituting approximately 2.84% of the cryptocurrency’s aggregate valuation.
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