The Bitcoin (BTC) spot ETF experienced its fourth consecutive day of net outflows, totaling $93.83 million on the night of March 21st. However, there's a noticeable trend of decreasing outflows. Grayscale (GBTC) saw a slight reduction in outflows, while BlackRock (IBIT), after a brief stall two days ago, witnessed inflows rebounding to $233.45 million on March 21st.
Looking ahead optimistically, this trend might lead to a balance between inflows and outflows or even a net inflow tonight. If this pattern persists, it could set the stage for a positive weekend for everyone involved.
On March 21st, ten BTC spot ETFs collectively experienced a net outflow of $93.83 million, equivalent to around 1,437 BTC leaving the ETF custody addresses after the US stock market opened on March 22nd:
- Grayscale (GBTC) saw an outflow of approximately 5,493 BTC ($358.79 million on March 21st).
- The remaining nine ETFs received inflows totaling about 4,056 BTC ($264.96 million on March 21st), primarily driven by BlackRock (IBIT), which received an inflow of 3,574 BTC ($233.45 million).
As of now, these ten BTC spot ETFs collectively hold a total of 825,350 BTC, valued at $53.91 billion.
