“Bitcoin Spot ETF Experiences Ten Consecutive Days of Net Outflows, GBTC Sets Record for Net Outflows”

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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 saw a net outflow of $154 million on March 18.
The previous net outflow occurred on March 1 (-$139 million), which also marked the end of the 10-day net inflow streak.
Since its listing on January 11, the total net inflow of 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 18 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 on March 18 (-$642 million), surpassing BlackRock’s net inflow.
SoSoValue
Data shows that GBTC set a new record for net outflow with -$642 million on March 18.
The top five net outflow days for GBTC are as follows:
March 18: -$642 million
January 22: -$640 million
February 29: -$598 million
January 16: -$594 million
January 19: -$590 million
GBTC net outflow data
Previously reported, Markus Thielen, analyst at Matrixport and founder of 10X Research, emphasized the significance of the ETF data on March 18 and 19, as it indicates that Bitcoin did not perform well.
He predicted that if the ETF inflow falls short of expectations, Bitcoin may drop to $59,000.
(
Matrixport suggests shorting ETH; 10X Research sees Bitcoin falling to $59,000
)
GBTC
Bitcoin Spot ETF
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