The U.S. Bitcoin spot ETF market has seen outflows for four consecutive weeks

On March 9th, it was reported that the US Bitcoin spot ETF market has seen outflows for four consecutive weeks. According to data from Farside Investors, the largest weekly outflows as of the week ending March 7th include: Fidelity's Wise Origin Bitcoin Fund (FBTC) with a net outflow of $201 million, marking six consecutive weeks of outflows. ARK 21Shares Bitcoin ETF (ARKB) saw a net outflow of $163.5 million. iShares Bitcoin Trust (IBIT) had a net outflow of $129.6 million. With institutional investors withdrawing, weak demand has disrupted the supply-demand balance of Bitcoin, leading to an 8.76% decline in the past week.