2024

Bitcoin

Spot

Coin

<ul class="news-points">
 <li>Bitcoin ETFs see three consecutive days of outflows, totaling $742 million.</li>
 <li>Grayscale’s GBTC leads the negative trend with a $386.6 million outflow recorded on Wednesday.</li>
 <li>Yet, since its inception, U.S. Bitcoin ETFs have accumulated $11.42 billion in net inflows.</li>
</ul>
Funds to Bitcoin spot exchange-traded funds (ETFs) have witnessed the third day of consecutive negative flow amid Bitcoin’s recent downturn. In a post on X, market tracker Spot On Chain called attention to the negative flow trend of the Bitcoin ETFs. Per the disclosure, the crypto ETFs have seen a net loss of $742 million in the last three days.
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETF</a> Net Inflow Mar 20, 2024: -$262M! • The net inflow has been negative for 3 consecutive trading days, losing a total of $742M. • The cumulative total net inflow after 48 trading days is now only $11.42B. • iShares Bitcoin Trust <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$IBIT</a> single-day net inflow further… <a href="https://t.co/F9YP3Ux967" target="_blank" rel="noopener noreferrer nofollow">https://t.co/F9YP3Ux967</a> <a href="https://t.co/ywlM8hnfPW" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ywlM8hnfPW</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1770667129253019964?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 21, 2024</a>
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The statistics indicated that yesterday, March 20, the Bitcoin ETFs witnessed a net negative flow of $262 million. Notably, the negative flow was primarily influenced by the unyieldin…
The post <a href="https://coinedition.com/bitcoin-etfs-see-third-day-bleeding-shedding-742m-amid-btc-crash/" rel="noopener noreferrer nofollow">Bitcoin ETFs See Third-Day Bleeding, Shedding $742M Amid BTC Crash</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin ETFs See Third-Day Bleeding, Shedding $742M Amid BTC Crash

Coin Edition

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