Mar 23, 2024
SOC Team
Bitcoin ETF Net Inflow Update on March 22, 2024
Outflow
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The Bitcoin Spot ETF Net Inflow on March 22, 2024, is recorded at -$52M!
Notably, below are a few key updates on the statistics of 10 Bitcoin Spot ETFs:
- This is the first time we've observed an entire week with negative net inflows, amounting to $888M flowing out of the 10 ETFs in total.
- The cumulative net inflow after 50 trading days now stands at only $11.27B.
- iShares Bitcoin Trust (IBIT) saw a single-day net inflow of just $18.9M, marking a new 20-day low, even falling behind Franklin Bitcoin ETF (EZBC) and Valkyrie Bitcoin Fund (BRRR).
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Fig 1. 30-Day Net Inflow of 10 Bitcoin ETFs.