Bitcoin ETF Trading Volume Exceeds $100 Billion in March, GBTC Witnesses Net Outflows for the First Time

Bitcoin ETF sees net outflow again
The trading volume of Bitcoin ETF in March reached $111 billion, about three times the total trading volume in January and February. Meanwhile, ARKB, the Ark Invest ETF, not only saw its first net outflow larger than GBTC, but also experienced net outflows for two consecutive days.

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Data shows that after experiencing a net outflow of $85.7 million on April 2, Bitcoin ETF saw a net inflow of $40.3 million.
GBTC only saw a net outflow of tens of millions of dollars, and it is rare that ARKB had a larger net outflow than GBTC, which is also ARKB’s first consecutive net outflow for two days.
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Various ETF data is as follows (from high to low):
ARKB: -$87.5 million
Grayscale GBTC: -$81.9 million
BlackRock IBIT: $150.5 million
Fidelity FBTC: $44.8 million
The net inflow of other ETFs did not exceed tens of millions of dollars.

Bitcoin ETF trading volume in March surpasses the total for January and February
Eric Balchunas, an ETF analyst at Bloomberg, pointed out that Bitcoin ETF had a trading volume of $111 billion in March, about three times the trading volume in January and February. This makes him more optimistic about its performance in April.
In addition, data compiled by another Bloomberg analyst, James Seyffart, shows that BlackRock IBIT had a steady increase in trading volume in March.
Eric Balchunas believes that BlackRock IBIT has officially taken over the trading volume leader position from GBTC and has become the $GLD (the world’s largest gold ETF) of the Bitcoin ETF industry.

Bitcoin ETF
Grayscale GBTC
BlackRock IBIT

Read more:
Bitcoin ETF sees net outflows shrinking for four consecutive days, Bloomberg analyst: worst-case scenario is about to end
Bitcoin reaches $70,000, total ETF trading volume surpasses $100 billion.