Bitcoin ETF’s net inflow on March 14 was only US$130 million! Bitcoin’s sharp correction during the same period

Bitcoin has experienced a significant decline since March 14th, Beijing time, from the 73K level to 71K, and once fell to 66-67K the following day, falling within 24 hours. 9%. Some analysts believe that this decline may be related to the release of asset data of the U.S. Bitcoin Spot ETF on March 14, which once again highlights the impact of Bitcoin ETF funding dynamics on the market.

The net inflow of March 14 was only US$130 million

According to data compiled by BitMEX Research, the overall net inflow of ETFs on March 14 was only US$130 million, a record high in the past eight days. Lows. Among various ETF products, GBTC experienced a net outflow of approximately US$257 million, while IBIT’s net inflow decreased to US$345 million, a significant decline compared with nearly US$600 million the previous day. The net inflow of Fidelity FBTC dropped sharply to US$13 million, far lower than the US$281 million on the previous day.

The above is the detailed content of Bitcoin ETF’s net inflow on March 14 was only US$130 million! Bitcoin’s sharp correction during the same period. For more information, please follow other related articles on the PHP Chinese website!