Spot Bitcoin ETFs’ Outflows Continue for 3rd Consecutive Day

As of March 20, there was a net outflow of $261 million from spot Bitcoin ETFs. This trend has continued for three consecutive days. Investors have reduced their positions by $386 million in Grayscale’s GBTC in the past 24 hours.

Since its approval in January, a total of $13.27 billion has been withdrawn from the instrument. BlackRock’s IBIT has seen a net inflow of $49.28 million since its launch, bringing the total to $13.09 billion.

The net inflows for FBTC from Fidelity, ARKB from ARK Invest, and BITB from Bitwise were $6.93 billion, $2 billion, and $1.49 billion, respectively.

There has been a decline in total revenues for all products from a peak of $12.1 billion to $11.4 billion.