Bitcoin has experienced a significant decline since March 14th Taiwan time, dropping from the 73K level to 71K, and falling to 66~67K the next day. It has decreased by 9% in the past 24 hours. The release of the asset data of the US Bitcoin spot ETF on March 14th may once again demonstrate the impact of Bitcoin ETF fund dynamics on the market.
On March 14th, the net inflow of ETF was only 130 million NTD, according to data compiled by BitMEX Research, setting a low in the past eight days. GBTC had a net outflow of approximately 257 million USD, while IBIT’s net inflow decreased to 345 million USD, a significant decrease compared to nearly 600 million USD the previous day. Fidelity FBTC dropped sharply to 13 million USD, significantly less than the previous day’s 281 million USD.
ETF
Bitcoin
Further reading:
The global ETF craze! Yuanta 00940 attracted 170 billion NTD in the first two days.
Coinbase lists three negative factors, not optimistic about the short-term performance of the cryptocurrency market.