- Bitcoin ETFs see three consecutive days of outflows, totaling $742 million.
- Grayscale’s GBTC leads the negative trend with a $386.6 million outflow recorded on Wednesday.
- Yet, since its inception, U.S. Bitcoin ETFs have accumulated $11.42 billion in net inflows.
Funds to Bitcoin spot exchange-traded funds (ETFs) have witnessed the third day of consecutive negative flow amid Bitcoin’s recent downturn. In a post on X, market tracker Spot On Chain called attention to the negative flow trend of the Bitcoin ETFs. Per the disclosure, the crypto ETFs have seen a net loss of $742 million in the last three days.
$BTC #ETF Net Inflow Mar 20, 2024: -$262M!• The net inflow has been negative for 3 consecutive trading days, losing a total of $742M.
• The cumulative total net inflow after 48 trading days is now only $11.42B.
• iShares Bitcoin Trust $IBIT single-day net inflow further… https://t.co/F9YP3Ux967 pic.twitter.com/ywlM8hnfPW
— Spot On Chain (@spotonchain) March 21, 2024
The statistics indicated that yesterday, March 20, the Bitcoin ETFs witnessed a net negative flow of $262 million. Notably, the negative flow was primarily influenced by the unyieldin…
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