#BTCUSDTUPDATE :
share and follow me for more updates and information
Throughout this week, the BTC spot ETF witnessed continuous net outflows, totaling $887.75 million and a reduction of 13,596 BTC holdings. Consequently, Bitcoin experienced a correction, dropping by $8,000 from $68.7K to $60.7K. However, the outflow trend has been diminishing, reaching only $51.6 million on 3/22. This decline suggests a potential reversal, hinting at a forthcoming net inflow of funds in the upcoming week.
On 3/22, ten BTC spot ETFs recorded a net outflow of $51.6 million, equivalent to approximately 807 BTC exiting the ETF custody address after the U.S. stock market opens on Monday (3/25). Specifically, Grayscale (GBTC) witnessed an outflow of around 2,657 BTC ($169.94 million), while the remaining nine ETFs experienced an inflow of roughly 1,850 BTC ($118.34 million) on the same day. As of now, these ten BTC spot ETFs collectively hold 824,214 BTC, valued at $52.71 billion.
