“Bitcoin Spot ETF Sees Ten Consecutive Days of Net Outflows, GBTC Sets Record Net Outflow”

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Bitcoin Spot ETF Ends 10-day Net Inflow
Grayscale GBTC Sets New Record for Net Outflow
Bitcoin Spot ETF Ends 10-day Net Inflow
Bitcoin ETF experienced a net outflow of $154 million on March 18th.
The previous net outflow occurred on March 1st (-$139 million), which also marked the interruption of the 10-day consecutive net inflow for the ETF.
Since its listing on January 11th, the total net inflow for Bitcoin Spot ETF has decreased from approximately $12.1 billion last week to $12 billion.
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Various issuers’ net inflow data on March 18th are as follows:
Grayscale GBTC: -$642 million
BlackRock IBIT: $451 million
Fidelity FBTC: $5.9 million
Bitwise BITB: $17.6 million
Vaneck HODL: $5.7 million
Valkyrie BRRR: $4.8 million
Ark Invest ARKB: $2.7 million
Grayscale GBTC Sets New Record for Net Outflow
Grayscale GBTC remained the main net outflow contributor on March 18th (-$642 million), surpassing BlackRock’s net inflow.
SoSoValue
Data shows that GBTC’s net outflow of -$642 million on March 18th has set a new historical record.
The top five outflow days for GBTC are as follows:
March 18th: -$642 million
January 22nd: -$640 million
February 29th: -$598 million
January 16th: -$594 million
January 19th: -$590 million
GBTC Net Outflow Data
Previously, Markus Thielen, an analyst at Matrixport and founder of analytical firm 10X Research, emphasized the importance of the ETF data on the 18th and 19th, indicating that Bitcoin did not perform well.
He predicted that if the ETF inflow falls short of expectations, Bitcoin could drop to $59,000.
(
Matrixport suggests shorting ETH; 10X Research sees Bitcoin dropping to $59,000
)
GBTC
Bitcoin Spot ETF
Further Reading
GBTC’s net outflow ranks second in the past 15 years, Grayscale applies for mini ETF with the code “BTC”
BTC hits $71,000! BlackRock IBIT holds more Bitcoin than MicroStrategy, GBTC surpassed by other ETFs.