Time:2024-03-22 Click:83
Bitcoin spot ETFs and related Bitcoin ETFs have experienced significant net outflows and inflows over the past few days, with Grayscale’s GBTC outflows being the most severe.
BlackRock’s iBit and Fidelity’s FBTC recorded inflows amid the overall outflow trend. The outflows were attributed to factors such as Bitcoin price volatility, regulatory uncertainty, and investor sentiment. Grayscale’s GBTC has faced net outflows for several consecutive days, with a total historical net outflow of more than $13 billion.
Despite the outflows, investor demand for Bitcoin exposure through ETFs remains strong, as seen in inflows to BlackRock’s iBit and Fidelity’s FBTC.
Recent outflows have also been linked to factors such as higher fees, cryptocurrency company bankruptcies, and the ability to directly convert shares into BTC. Overall trends reflect a dynamic market landscape influenced by various market factors and investor behavior.