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Posted on Mar 02, 2024Read on Mirror.xyz

Bitcoin spot ETF experienced a single-day net outflow for the first time in 7 trading days, of which GBTC had a net outflow of US$492 million.

Yesterday (March 1, Eastern Time), the total net outflow of Bitcoin spot ETF was US$139 million, which was the first single-day net outflow in 7 trading days. Yesterday, Grayscale ETF GBTC had a single-day net outflow of US$492 million. The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of US$202 million. The current total historical net inflow of IBIT reached US$7.96 billion. Followed by Ark Invest and 21Shares ETF ARKB, with a single-day net inflow of approximately US$55.07 million, and the current total historical net inflow of ARKB reaches US$1.63 billion. In addition, the single-day net inflow of Fidelity ETF FBTC was approximately US$49.28 million, and the current total historical net inflow of FBTC reached US$4.82 billion. As of press time, the total net asset value of Bitcoin spot ETFs is US$48.22 billion, the ETF net asset ratio (market value as a proportion of Bitcoin’s total market value) reaches 3.91%, and the historical cumulative net inflow has reached US$7.35 billion.

In response to yesterday's ETF outflows, Bloomberg ETF analyst James Seyffart said that yesterday's Bitcoin spot ETF outflow was nearly $140 million. The reason for this large daily outflow must be related to the situation of Genesis and Gemini (the bankruptcy case was settled).

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