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Bitcoin ETF Outflows and Inflows Analysis
Recent data on March 21 reveals a notable decrease in Bitcoin ETF outflows, totaling $93.9 million, corresponding to 1,433.6 BTC. This shift follows a pattern of outflows extending over four consecutive days, marking the second occurrence since the ETF’s inception on Jan. 11, as per BitMEX analysis.
Grayscale Bitcoin Trust (GBTC) and BlackRock’s iShares Bitcoin Trust (IBIT)
The Grayscale Bitcoin Trust (GBTC) reported a decreased outflow of $358.8 million (5,480.5 BTC), indicating a gradual decline since March 18. GBTC’s cumulative outflows have now reached $13,630.6 billion (267,449.3 BTC). In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) saw a significant upswing with $233.4 million in inflows (3,565.9 BTC), boosting their total net inflows to $13,322.5 billion (242,965.3 BTC).
Bitwise’s BITB and Fidelity’s FBTC
Bitwise’s BITB achieved a major milestone with over $1.5 billion in net inflows, equaling 30,101.6 BTC. Meanwhile, Fidelity’s FBTC recorded its lowest-ever inflow at just $2.9 million (43.6 BTC). Since the initiation of ETF trading, cumulative net inflows have amounted to $11,320.7 billion (201,264.2 BTC).
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