📉 Last night's (3/19) market saw BTC spot ETFs facing net outflows, surpassing the previous day's outflows. 😔 The usual heavyweights in buying, like BlackRock (IBIT) and Fidelity (FBTC), seemed to hit a speed bump over the past couple of days, with capital inflows dwindling significantly. 💼💨
💰 Combined net inflows from IBIT and FBTC amounted to a modest $114.83M last night, a far cry from the hefty sums seen in previous trading sessions. This slowdown culminated in a net outflow of $326.6M from BTC spot ETFs. 💸
On 3/19, ten BTC spot ETFs experienced a collective net outflow of $326.6M, equating to approximately 5,063 BTC leaving ETF custody addresses after the US stock market opened on 3/20. 📉
🔻 Grayscale (GBTC) led the outflow charge, shedding around 6,884 BTC (worth $443.5M) on 3/19. However, the remaining nine ETFs bucked the trend, welcoming approximately 1,821 BTC in inflows (worth $117.3M) on the same day. 💼💰
Currently, these ten BTC spot ETFs hold a total of 834,049 BTC, valuing at $53.73B. 📊💰 Keep an eye on the market's movements as the landscape continues to evolve! 🚀🔍
#BTCOutflows #MarketWatch 📉👀
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