Bitcoin ETF sees two consecutive days of outflows, BTC falls below 61K, marking the largest single-day decline since the FTX incident.
Bitcoin spot ETF had a net outflow of 326 million US dollars on March 19. GBTC contributed -443 million US dollars to this outflow. Following the net outflow of -154 million US dollars on the 18th, the net outflow of ETF doubled in growth. The drop in Bitcoin on the 19th was the largest single-day drop since the FTX incident.
(
Cryptocurrency market liquidated 600 million US dollars, Bitcoin fell below 63K, and Ethereum’s drop has reached 20%.
)
Table of Contents
Toggle
Bitcoin falls below 61K, largest single-day drop after FTX incident
Bitcoin spot ETF has two consecutive days of outflow
Bitcoin falls below 61K, largest single-day drop after FTX incident
Bitcoin dropped to a low of 60,767 US dollars on the 20th, and ETH also fell below 3.2K, dropping to a low of 3,055 US dollars.
Advertisement – Continue reading below
Bitcoin’s drop on the 19th was 8.95%, marking the largest single-day drop since the FTX crash:
January 11th Bitcoin ETF launch: -7.67%
August 18th, 2023, Evergrande bankruptcy: -7.34%
November 9th, 2022, FTX suspends withdrawals: -14.15%
(
SEC officially approves Bitcoin spot ETF, but Bitcoin prices lag behind Ethereum at this time.
)
BTC/USDT|OKX
Bitcoin spot ETF has two consecutive days of outflow
Bitcoin spot ETF had a net outflow of 326 million US dollars on March 19, with GBTC contributing -443 million US dollars.
Following the net outflow of -154 million US dollars on the 18th, the net outflow of ETF doubled in growth.
(
Ethereum falls below 3.2K, Grayscale GBTC sees further outflow, CEO confirms fee reduction.
)
In addition, only three ETFs had net inflows, all of which were below one billion dollars in scale. The issuer data is as follows:
Grayscale GBTC: -443 million US dollars
BlackRock IBIT: 75.2 million US dollars
Fidelity FBTC: 39.6 million US dollars
Bitwise BITB: 2.5 million US dollars
Bitcoin ETF data
BTC
ETH
FTX
Bitcoin spot ETF
Further Reading
Bitcoin spot ETF sees ten consecutive days of net inflows interrupted, GBTC sets record for net outflow
Bitcoin briefly drops to 65,000 US dollars, spot ETF sees two consecutive days of weak net inflows.
