Bitcoin ETF trading volume exceeded 100 billion US dollars in March! ARKB’s net outflow exceeds GBTC

The website (120bTC.coM) shows that the trading volume of Bitcoin spot ETF in March reached 111 billion U.S. dollars, which was approximately more than three times the trading volume in January and February; and Another broker, ARKB, not only had a net outflow greater than GBTC for the first time, but also had net outflows for two consecutive days.

Bitcoin ETF welcomes net outflow again

FarsideInvestors data shows that after experiencing a single-day net outflow (-85.7 million US dollars), the Bitcoin spot ETF experienced a net inflow of US$40.3 million on April 2. .

GBTC only had an outflow of tens of millions of dollars. What is rare is that the net outflow of ARKB is greater than that of GBTC. This is also the first time that ARKB has a net outflow for two consecutive days.

The data of each ETF are as follows (from high to low):

• ARK ARKB: -$87.5 million

• Gray GBTC: -$81.9 million

• BlackRock IBIT: $150.5 million

• Fidelity FBTC: $44.8 million

The net inflows of other ETFs did not exceed 10 million US dollars.

The trading volume of Bitcoin ETF in March exceeded the sum of January and February

Bloomberg ETF analyst Eric Balchunas pointed out that the Bitcoin spot ETF’s trading volume in March The trading volume reached 111 billion US dollars, which was about three times the trading volume in January and February, which made him even more looking forward to the performance in April.

In addition, data compiled by James Seyffart, another Bloomberg analyst, show that BlackRock IBIT’s trading volume increased steadily in March.

Eric Balchunas believes that BlackRock IBIT has officially taken over GBTC’s trading volume leader and has become $GLD (the world’s largest gold ETF) in the Bitcoin ETF world.

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