According to SoSoValue data, on March 5 (Eastern US Time), the US Bitcoin spot ETF market recorded a single-day net outflow of 228 million USD, indicating signs of phase-out by institutional funds amid recent increased market volatility.
Examining the performance of individual products, the Valkyrie Bitcoin ETF (BRRR) was the only product to achieve a capital net inflow on that day, with a net inflow of 5.4211 million USD, bringing its historical cumulative net inflow to 16.9935 million USD.
The capital outflow was mainly concentrated in large products. BlackRock's IBIT ETF recorded a net outflow of 88.7436 million USD on the day, marking the largest among all ETFs. However, looking at long-term data, IBIT still maintains strong capital attraction, with its historical cumulative net inflow totaling approximately 830 million USD.
In terms of overall scale, as of press time, the net asset value of Bitcoin spot ETFs is about 91.44 billion USD, with ETF assets accounting for approximately 6.42% of Bitcoin's total market value. Since the product was launched, the cumulative net inflow has reached 55.718 billion USD.
Market analysts point out that the short-term outflow of ETF funds is a normal adjustment against the backdrop of recent macro uncertainties, crypto asset volatility, and a retreat in risk appetite, without altering the long-term trend of institutional digital asset allocation.
