From March 3 to March 7, $919.22 million was withdrawn from Bitcoin and Ethereum spot ETFs, SoSoValue reports. Bitcoin funds lost $799.39 million, Ethereum ETFs — $119.83 million.
The Bitcoin ETF sector has been experiencing negative dynamics for four weeks in a row. Only Grayscale Bitcoin Mini Trust recorded an inflow ($35.77 million), while the rest of the funds went into the red.
The trend coincides with the fall of the crypto market: Bitcoin fell by 12.73% in a week, Ethereum — by 17.84%.
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