Spot BTC ETF Net Inflows Drop By 80%; BTC Price Dips Below $69K
Bitcoin ETFs in the US experienced a significant drop in net inflows, with a net inflow of $132 million on March 14, the lowest level in eight trading days and an 80% fall from March 13.
The total flow of funds into ETFs was $390 million, with Grayscale Bitcoin Trust ETF (GBTC) seeing $257 million in outflows. VanEck Bitcoin Trust ETF and Fidelity’s Wise Origin Bitcoin Fund recorded inflows of $13.8 million and $13.7 million, respectively.
BlackRock’s iShares Bitcoin Trust ETF recorded the largest inflows at $345 million.
The cumulative net inflows into the U.S. spot Bitcoin ETF remain significant, nearing the $12 billion mark after 44 days of trading.
(With inputs from Shikha Singh)
You need to login in order to Like
