Of course, consistent with the trend of net outflows from BTC spot ETFs over the past few days last week, the magnitude continued to decline. On the first day of this week (March 25), net inflows resumed and BTC returned to $70k.

The main driver of net inflows was Fidelity (FBTC), capping last week's decline in inflows, with $261 million inflows last night (March 25) largely balancing outflows from Grayscale (GBTC).

Expect more net inflows from BTC spot ETFs this evening (March 26).

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On March 25, ten BTC spot ETFs had net inflows of $15.7 million, which equates to net inflows of approximately 221 BTC into the ETF's custodial address after the US stock market opened tonight (March 26):

◎ Outflow: Grayscale (GBTC) withdrew approximately 4,930 BTC (corresponding to an outflow of $350.10 million on March 25);

◎ Inflows: The remaining nine ETFs have inflows of approximately 5,151 BTC (equivalent to $365.8 million in capital inflows on March 25). The main mover was Fidelity (FBTC) with inflows of 3,687 BTC ($261.79 million).

Ten BTC spot ETFs currently hold a total of BTC: 823,375 BTC ($58.46 billion).#BTC #binance #ETFbitcoin‬