- On March 21, the net daily capital outflow from bitcoin-ETF amounted to $93.85 million.
- The negative trend continues for the fourth consecutive day.
On March 21, 2024, net daily capital outflows in the spot bitcoin-ETF sector totaled $93.85 million, according to SoSo Value.
The negative trend continues for the fourth consecutive day. It is driven by a $358.79 million increase in outflows from Grayscale Investments’ GBTC fund. Between March 18 and March 21, this figure rose to more than $1.8 billion, and the total outflow from spot bitcoin funds during this time amounted to more than $835 million.
According to the data, BlacRock’s iShares Bitcoin Trust (IBIT) crypto fund took the top spot in terms of capital inflows. It added $233.45 million to its balance sheet, and funds under management reached the $13.32 billion mark.
In second place is an investment product from the firm Bitwise Asset Management – $12.10 million, in third place – Valkyrie Bitcoin Fund (BRRR) with an indicator of $4.72 million. The rest of the bitcoin-ETFs totaled $14.69 million.
Recall, after the end of the trading session on March 7, 2024, the share of bitcoins in asset-based spot ETFs rose to almost 4% of the total supply of 21 million BTC.
