Bitcoin ETF Experiences Net Outflow Again
The trading volume of Bitcoin ETF reached $111 billion in March, which is three times the total trading volume in January and February. Meanwhile, ARKB, the Ark Innovation ETF, not only experienced a net outflow greater than GBTC for the first time but also saw two consecutive days of net outflow.
Farside Investors
Data shows that after experiencing a net outflow of $85.7 million on April 2nd, Bitcoin ETF saw a net inflow of $40.3 million.
GBTC only saw a net outflow of tens of millions of dollars, which is rare. The Ark Innovation ETF, ARKB, experienced a net outflow greater than GBTC, marking the first time it has seen two consecutive days of net outflow.
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The ETF data from various sources are as follows (from highest to lowest):
Ark Innovation ETF: -$87.5 million
Grayscale GBTC: -$81.9 million
BlackRock IBIT: $150.5 million
Fidelity FBTC: $44.8 million
The net inflow of other ETFs did not exceed tens of millions of dollars.
Bitcoin ETF Trading Volume in March Surpasses January and February Combined
Eric Balchunas, an ETF analyst at Bloomberg, pointed out that the trading volume of Bitcoin ETF reached $111 billion in March, which is three times the total trading volume in January and February. This makes him more optimistic about the performance in April.
In addition, data compiled by another Bloomberg analyst, James Seyffart, shows that BlackRock IBIT’s trading volume steadily increased in March.
Eric Balchunas believes that BlackRock IBIT has officially taken over the trading volume leader position from GBTC and has become the $GLD (the world’s largest gold ETF) of the Bitcoin ETF industry.
Bitcoin ETF
Grayscale GBTC
BlackRock IBIT
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