GBTC of Grayscale has just notched its biggest outflow of $642.5 Million since its launch. It is important to consider analysts’ positive outlook despite this movement.
Recent Movements in Spot Bitcoin ETFs
Source: etfs(dot)grayscale(dot)com
On March 18, more than $640 Million flowed out of crypto asset manager Grayscale’s spot Bitcoin ETF (GBTC). The day it marked the largest outflows for the fund since its conversion to a spot ETF on January 11, 2024.
On the same day, the second largest Bitcoin ETF, Fidelity’s Bitcoin ETF, experienced an inflow of just $5.9 Million, which marked the day of its lowest inflow so far. The day-wise data from this month’s beginning is presented in the table below for all the major BTC ETF instruments.
IBIT experienced the largest inflow in the day of $451.5 Million. Collectively, considering the ten major spot BTC ETF instruments, this led to an outflow of $154.3 Million.
Source: Farside.co.uk
Movement of Bitcoin
After this moveme
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