Bitcoin ETF sees three consecutive days of net outflows, Bitcoin surpasses $66K, and meme coins rebound with a 20% increase

Bitcoin spot ETF has seen three consecutive days of net outflows, but the outflows have slightly decreased compared to the 19th.
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Bitcoin ETF sees outflows for two consecutive days, BTC falls below 61K, marking the largest single-day decline since the FTX incident.
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Bitcoin spot ETF sees three consecutive days of outflows
Mainstream coins rebound, meme coins bounce back
Bitcoin spot ETF sees three consecutive days of outflows
Farside Investors
Data shows that the net outflow of Bitcoin spot ETF on March 20th was -$261 million, with GBTC contributing -$386 million.
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The net outflows in the previous two days were $154 million and $326 million respectively.
The net inflows of ETFs from various issuers were below a billion dollars, with the following data:
Grayscale GBTC: -$386 million
Invesco BTCO: -$10.2 million
BlackRock IBIT: $49.3 million
Ark Invest ARKB: $23.3 million
Franklin Templeton EZBC: $19 million
Bitwise BITB: $18.6 million
Fidelity FBTC: $12.9 million
VanEck HODL: $9.3 million
Valkyrie BRRR: $2.9 million


Bitcoin spot ETF flow
Mainstream coins rebound, meme coins bounce back
Despite the net outflows of Bitcoin ETF, the market rallied on the announcement of the Federal Reserve’s decision to maintain interest rates, increasing confidence in a rate cut in June. US stocks and cryptocurrencies rose together on the 21st.
Bitcoin returned to the $66,000 level, and Ethereum regained $3,400.
Meme coins, which experienced significant declines in the past few days, also saw significant rebounds:
Dogecoin (DOGE): 17.85%
Shiba Inu (SHIB): 9.51%
Pepe (PEPE): 21.27%
dogwifhat (WIF): 16.57%
FLOKI: 41.5%
Bonk (BONK): 11.13%
Emerging meme coins BOME (-1.79%) and SLERF (2.3%) showed no signs of recovery.
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Federal Reserve maintains interest rates, optimistic sentiment of a three-digit rate cut stimulating stock market and cryptocurrency price increases
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ETF


Further reading:
Wall Street investment bank Bernstein: Bitcoin correction is an opportunity to enter before the halving, maintains a target price of $150,000
SEC postpones Ark and Hashdex Ethereum spot ETFs, Bloomberg analyst no longer optimistic about May approval.

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