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Bitcoin Spot ETFs See $349 Million Net Outflow on March 6

According to Farside Investors, U.S. spot Bitcoin ETFs recorded $348.9 million in net outflows on March 6, while spot Ethereum ETFs also posted notable withdrawals, underscoring broader risk-off positioning in crypto fund flows.

BTC
ETH

Summary

U.S. spot Bitcoin ETFs saw $348.9 million in net outflows on March 6, according to Farside Investors, with Fidelity’s FBTC leading withdrawals at $158.5 million and BlackRock’s IBIT following with $143.5 million. The new data refines the previously reported roughly $349 million Bitcoin ETF outflow and adds that U.S. spot Ethereum ETFs also recorded $82.9 million in net withdrawals the same day. Fidelity’s FETH accounted for the largest Ethereum ETF outflow at $67.6 million, indicating that selling pressure extended across both major crypto ETF categories.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin, giving investors price exposure without requiring them to custody the cryptocurrency themselves.
  • Net Outflow: A situation in which total withdrawals from a fund exceed new investments over a given period, indicating capital leaving the product.
  • Spot Ethereum ETFs: Exchange-traded funds that directly track Ether by holding the asset, offering regulated market exposure to Ethereum through traditional investment vehicles.