ETFs Net Outflows for Three Days in a Row, Resulting in $261 Million in Losses

Crypto News – Spot Bitcoin ETFs had net outflows for the third day in a row on March 20, with $261.5 million departing from ten approved funds.

ETFs Net Outflows for Three Days in a Row, Resulting in $261 Million in Losses

According to Farside Investors data, net outflows on March 18 and 19 were $154.3 million and $326.2 million, respectively, bringing the three-day total to $742 million.

The Grayscale Bitcoin Trust (GBTC), which lost $386.6 million, and the Invesco Galaxy Bitcoin ETF (BTCO), which saw a $10.2 million exit fund, were the primary causes of the outflow. The eight other authorized ETFs’ trickle of inflows was eventually eclipsed by both. With $49.3 million, BlackRock’s iShares Bitcoin Trust (IBIT) saw its second-lowest net inflow day ever. Similar to this, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw a low inflow day of $12.9 million in second place.