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. 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.
With $49.3 million, BlackRock’s iShares Bitcoin Trust (IBIT) saw its second-lowest net
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