Bitcoin spot ETF ends 10 days of net inflows! Grayscale GBTC net outflow reaches new high

On March 18, Bitcoin ETF experienced a net outflow of US$154 million, breaking the previous 10 consecutive days of net inflow trend. There was also a net outflow on March 1, amounting to $139 million.

Since its listing on January 11, total net inflows into Bitcoin spot ETFs have dropped to US$12 billion from approximately US$12.1 billion last week.

The net inflow data of various issuers 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 ARKB: 2.7 million US dollar

GBTC net outflow data

Previously reported, Markus Thielen, an analyst at Matrixport and founder of 10X Research, an analytical institution, once emphasized that, The ETF data on the 18th and 19th are quite critical. Obviously Bitcoin did not deliver good results.

He predicted that Bitcoin could fall to $59,000 if ETF inflows are not as expected.

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