Four Consecutive Days of Bitcoin ETF Outflows, WisdomTree Receives NY Trust Charter
Mar 22, 2024
Equity indices are showing muted declines today, but the SPY (-0.13%) and QQQ (-0.02%) are still on pace for respective 18th and 17th positive weeks out of the last 21. Crypto markets are showing more pronounced losses, with total market capitalization falling by 3%. BTC (-2.89%) has fallen to $63.6k while ETH (-4.53%) has dropped to $3,340. Bitcoin ETFs have seen four consecutive days of outflows totaling $836 million, representing the worst week of flows since inception. Notable outperformers this week include FTM, STX 0.35% , and APT 0.86% , gaining 34%, 24%, and 16%. Aptos is reportedly shifting towards an AI and RWA focus, with some notable partnership announcements expected in the coming months.