Bitcoin ETF

Bitcoin

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>US-listed spot bitcoin ETFs experienced net outflows of $15.64 million, breaking a two-day inflow streak.</li>
 <li>Grayscale’s Bitcoin Trust was the main source of outflows, while other bitcoin ETFs recorded inflows or no net flows.</li>
</ul>
<p>Spot exchange-traded funds (ETFs) for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> in the US witnessed total net outflows amounting to $15.64 million. This ended a short-lived two-day period of inflows and brought back the recent trend of outflows.</p>
<h2 id="outflows-and-inflows-in-bitcoin-etfs">Outflows and Inflows in Bitcoin ETFs</h2>
<p>The primary contributor to these outflows was Grayscale’s Bitcoin Trust, which saw $29 million exiting GBTC. Prior to this, the trust recorded two back-to-back days of net inflows, following the end of a 78-day outflow streak.</p>
<p>In contrast, other spot Bitcoin ETFs recorded either positive net inflows or no net flows. For instance, the Fidelity Wise Origin Bitcoin Fund saw a net inflow of $4 million. Similarly, the ARK 21Shares Bitcoin ETF and Invesco Galaxy Bitcoin ETF experienced inflows of $3 million and $6 million, respectively.</p>
<h2 id="trends-in-the-bitcoin-etf-market">Trends in the Bitcoin ETF Market</h2>
<p>Since their listing, the cumulative total net inflows into US-listed spot Bitcoin ETFs have dropped to $11.76 billion. The spot Bitcoin ETF market, which was buzzing post-listings, has cooled down. The trading volumes have been consistently declining since reaching a peak on March 5. The cumulative volume is nearing the $250 billion mark.</p>

Bitcoin ETFs’ Quick Inflow Streak Ends as GBTC Outflows Intensify

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