Investor apprehension continues to impact cryptocurrency exchange-traded funds (ETFs), as bitcoin funds experienced net withdrawals of $371 million on Tuesday, March 11, marking the seventh straight day of exits.
Ether ETFs also encountered significant redemptions, logging $22 million in outflows over five consecutive days, according to data from Sosovalue.
The most substantial outflows in the bitcoin ETF sector originated from BlackRock’s IBIT, which saw a pullback of $151.26 million, trailed by Fidelity’s FBTC with $107.10 million in net redemptions.
Grayscale’s GBTC reported considerable losses, offloading $35.49 million. Other funds facing withdrawals included Franklin’s EZBC ($33.73 million), WisdomTree’s BTCW ($15.43 million), and Invesco’s BTCO ($14.93 million).
- Did Late Ifunanya Nwangene Have Connections With Snakes? ( video)
Controversial Kemi Olunloyo has added a fresh perspective to the ongoing discussions surrounding the demise of singer Ifunanya Nwangene, proposing a potential link between the deceased artist and serpents. - The News of Being a Wife Beater Broke Me – Teddy A
9ja reality Tv personality, widely recognized as Teddy A, has disclosed the profound impact that unfounded gossip about his private affairs has had on him. He referred to an article that accused him of mistreating his wife, actress Bamike “Bambam” Olawunmi. - The Epstein Files Controversy: Unanswered Questions, Allegations, and Public Outrage
Explore the controversies surrounding the Epstein Files, including court documents, alleged connections, media scrutiny, and why the case continues to spark global debate. - Money Can’t Buy Happiness – Elon Musk
Elon Musk, the world’s richest person, has started a new conversation on social media by talking about an old idea — that just having a lot of money doesn’t mean you’re happy.As the boss of Tesla and SpaceX, Musk shared his thoughts in a short message on Wednesday. - INEC Completes 2027 Election Timetable & Associated Activities
The Independent National Electoral Commission (INEC) announced that it has completed preparations for the 2027 election timetable and associated activities. This was disclosed on Wednesday in Abuja by INEC Chairman, Prof. Joash Amupitan, during a meeting with Civil Society Organisations (CSOs).
In the ether ETF arena, BlackRock’s ETHA led the exodus, losing $11.82 million, while Fidelity’s FETH noted $9.75 million in pullouts.
The persistent outflows, now extending a full week for bitcoin ETFs and five days for ether ETFs, indicate a reassessment of risk or profit-taking strategies among investors. Over the last three days alone, bitcoin ETFs have witnessed more than $300 million in redemptions, while ether ETFs have consistently dealt with outflows surpassing $20 million.