Bitcoin spot ETFs post $74.53M net outflow on March 24; Fidelity's FBTC leads withdrawals

PANews, March 25: Data from SoSoValue show that U.S. spot Bitcoin ETFs logged total net outflows of $74.5274 million on March 24 (Eastern Time). Fidelity's FBTC recorded the largest single-day net redemption at $45.3491 million, bringing its cumulative net inflows to $10.936 billion. Bitwise's BITB ranked second with $16.5974 million in single-day outflows; its cumulative net inflows stand at $2.12 billion. As of publication, spot Bitcoin ETFs held $89.745 billion in total net assets. The ETF net asset ratio—market value as a share of Bitcoin's total market cap—was 6.4%, while cumulative net inflows since launch totaled $56.324 billion.