{"id":11988,"date":"2024-03-26T13:34:38","date_gmt":"2024-03-26T11:34:38","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-spot-etfs-reverse-five-day-outflow-trend\/"},"modified":"2024-03-26T13:34:38","modified_gmt":"2024-03-26T11:34:38","slug":"bitcoin-spot-etfs-reverse-five-day-outflow-trend","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-spot-etfs-reverse-five-day-outflow-trend\/","title":{"rendered":"Bitcoin Spot ETFs Reverse Five-Day Outflow Trend"},"content":{"rendered":"

Following a prolonged withdrawal of funds from spot exchange-traded funds based on the leading cryptocurrency, March 25 saw these instruments record a net inflow of $15.7 million.\u00a0<\/p>\n

\"\u0421\u043f\u043e\u0442\u043e\u0432\u044b\u0435
Dynamics of spot Bitcoin ETFs. Data: SoSoValue<\/a>.<\/figcaption><\/figure>\n

In a single day, the largest inflows of $261 million were attributed to FBTC from Fidelity. For IBIT from BlackRock, the figure was $35.5 million.<\/p>\n

The converted GBTC from Grayscale remains at the forefront of outflows, with investors withdrawing approximately $350 million over 24 hours.\u00a0<\/p>\n

In recent weeks, interest in spot Bitcoin ETFs has waned somewhat compared to the excitement during the launch of products in the United States.\u00a0<\/p>\n

Five days prior, the total outflow from these instruments amounted to $888 million. On March 19, the negative figure reached $326.2 million.\u00a0<\/p>\n

At the time of writing, the total volume of Bitcoin under the management of funds (excluding GBTC) stands at $30.62 billion.\u00a0<\/p>\n

\"\u0421\u043f\u043e\u0442\u043e\u0432\u044b\u0435
Assets under management of Bitcoin funds, excluding GBTC. Data: The Block Data<\/a>.\u00a0<\/figcaption><\/figure>\n

Trading volumes for spot ETFs based on digital gold continue to decline. As of March 25, the figure reached $6.1 billion, whereas at the beginning of the month, values were around $10 billion.\u00a0<\/p>\n

\"\u0421\u043f\u043e\u0442\u043e\u0432\u044b\u0435
Daily trading volume of Bitcoin ETFs. Data: The Block Data<\/a>.\u00a0<\/figcaption><\/figure>\n

Bloomberg exchange analyst James Seyffart suggested that the recent outflow might be linked to the bankruptcy process of certain crypto companies.\u00a0<\/p>\n

\n

Cointucky Derby update for the #bitcoin<\/a> ETFs. Last week was -$888 million for the group. Outflows were likely related to bankruptcy \u2014 they were mostly Gemini\/Genesis selling. *Expecting* that to slow over the next ~week. They had a total of ~$3.9 bln of $GBTC<\/a> to sell. pic.twitter.com\/qXiog228z8<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) March 25, 2024<\/a><\/p><\/blockquote>\n