Bitcoin ETF and GBTC experience net outflow of $300 million, causing Bitcoin to briefly drop below $66K.

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Bitcoin ETF sees net outflows again after five days of inflows
Bitcoin and Ether fall below $66K and $3.5K
Ether spot ETF approval probability exceeds 99%
Bitcoin ETF sees net outflows again after five days of inflows
Farside Investors
Data shows that the Bitcoin spot ETF has ended four consecutive days of net inflows, with a total net outflow of $85.7 million on April 1st.
The ETF data from various institutions is as follows (from highest to lowest):
Grayscale GBTC: -$302 million
Ark Invest ARKB: -$300,000
BlackRock IBIT: $165 million
Fidelity FBTC: $44 million
The net inflows of other ETFs did not exceed $10 million.
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Bitcoin and Ether fall below $66K and $3.5K
Bitcoin rose to $71,400 on the morning of April 1st, but fell to a low of $66,687 (-8%) on the morning of the 2nd.
Ether, on the other hand, fell to $3,313 and was at $3,382 at the time of writing.
(
Upbit, a South Korean exchange, experienced a 73% decrease in trading volume. Is the competition for alternative coins reaching its peak?
)
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BTC 1H|OKX
Ether spot ETF approval probability exceeds 99%
James Seyffart stated on April Fool’s Day that Bloomberg analysts have raised the probability of approving the Ether ETF to 99%, but it was just a joke.
He stated that the chances are still very low and apologized to Ethereum supporters for their expectations.
GBTC
Ether
Bitcoin
Net outflows
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Further reading
Bitcoin briefly dropped to $68K due to expectations of a rate cut in the recovering US manufacturing industry
Coinbase’s Head of Research: Institutional ETF observation period ends, expecting a large influx of Bitcoin ETFs in Q2.