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Bitcoin ETFs in the U.S. experienced significant outflows, with Grayscale's GBTC seeing record high outflows of $642.5 million on March 18. Blackrock added $427.84 million in inflows, while Fidelity had a record low inflow of only $5.9 million. The total net outflow for Bitcoin ETFs on March 18 was $154.3 million. The outflows continued on March 19 with a record net outflow of $326 million. Analysts caution about possible price declines if demand falters.
BlackRock and Fidelity now own a combined 372,227 #BTC worth $23.5 billion for their spot #Bitcoin ETFs. They own 1.77% of total BTC supply.
Bitcoin $BTC ETF outflow just hit its highest amount this year https://t.co/PPuwpOt3Qh
At the close on 19 Mar, US Bitcoin ETFs held $56.1bn in total AUM compared to US Gold ETFs at $97.4bn. After a level down of the $BTC price from 72k to 63k, US Bitcoin ETFs stands at 58% of US Gold ETFs size. ⚖️ Interest in BTC ETFs is slowing down, and it has seen outflows… https://t.co/elfHah4Epv https://t.co/qu6Rq4KUME