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).
- UK based Nigerian Nurses Under Investigation For ‘Exam Fraud’ Ordered To Exit The Country.
A group of Nigerian nurses facing scrutiny for alleged fraud at a testing center in the UK has been instructed to exit the country, despite their pending appeals, according to Nursing Times. Correspondence from the Home Office, reviewed by the publication, directs certain nurses to depart as soon as next week after their visas were… Read more: UK based Nigerian Nurses Under Investigation For ‘Exam Fraud’ Ordered To Exit The Country. - I am a Very Intentional Man , I despise Promiscuity – Rema
Rema, the renowned Nigerian artist, has disclosed that he’s not inclined to have children outside of marriage. He also mentioned his disdain for promiscuity, emphasizing that he’s a purposeful individual. - Show Proof of Sexual Harassment – Deji Adeyanju Tells Natasha
Human rights lawyer and advocate, Deji Adeyanju, has called on Senator Natasha Akpoti-Uduaghan to provide proof for her claims of sexual misconduct against Senate President Godswill Akpabio. - James Brown Reportedly Experiencing Rough Times.
Blogger Tosin Silverdam recently shared an update regarding the widely recognized crossdresser James Brown. As per Silverdam, Brown is said to be experiencing financial strain and grappling with housing problems. - Natasha’s Action Might Cost Women To Lose Alot – Godswill Akpabio
As reported by Sahara Reporters, Senate President Godswill Akpabio has targeted Senator Natasha Akpoti-Uduaghan (PDP, Kogi Central) once more, cautioning that her actions may jeopardize women’s prospects for achieving high political offices in Nigeria.
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.