Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Spot Bitcoin ​ETFs return net daily outflows. Grayscale’s total GBTC outflow exceeded $15 billion.
ADOPTION NEWS

Spot Bitcoin ​ETFs return net daily outflows. Grayscale’s total GBTC outflow exceeded $15 billion.

By Crypto FlexsApril 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spot Bitcoin ​ETFs return net daily outflows.  Grayscale’s total GBTC outflow exceeded  billion.
Share
Facebook Twitter LinkedIn Pinterest Email

United States Consolidated Branch Bitcoin BTC

-6.44%
Exchange-traded funds recorded net inflows every trading day last week and turned to net outflows on Monday. 860 million dollars.

Inflows of $165.9 million from BlackRock’s main IBIT ETF were not enough to overcome $302.6 million outflows from Grayscale’s converted GBTC fund, bringing total net outflows yesterday to $85.7 million, according to CoinGlass data. It has arrived.

Fidelity’s FBTC came in second with $44 million in inflows on Monday, while Invesco’s BTCO came in third with $4.2 million. However, Ark Invest 21Shares’ ARKB ETF suffered a decline in outflows for the first time since trading began on January 11, resulting in a loss of $300,000. The remaining funds came in between $0 and $2 million. Total net inflows now amount to just over $12 billion.

GBTC selling pressure is still increasing as total outflows exceed $15 billion.

A Coinbase report earlier this month suggested that Genesis Global Holdco LLC’s possible sale of 35.9 million shares of GBTC stock, worth about $2 billion, may have sparked recent GBTC selling pressure.

Outflows from Grayscale’s high-fee GBTC fund declined from a high of $642.5 million on March 18 to $104.9 million on March 28, leading some analysts to believe this selling pressure may be slowing. Yesterday’s outflows exceeded the daily average of $274 million. However, markets were closed on Good Friday and this may affect Monday’s figures.

“There was $302.6 million outflow from GBTC today, which is frankly higher than expected,” Bloomberg ETF analyst James Seyffart wrote yesterday. “I thought it would have slowed down by now.”

Monday’s figures take GBTC’s total outflows since trading began on January 11 to more than $15 billion. According to CoinGlass, funds converted to Bitcoin basis fell 46% during that period, from approximately 619,000 BTC to 333,619 BTC ($22 billion).

BlackRock’s IBIT controls the most Bitcoin, with over 252,000 BTC ($17 billion). Fidelity’s FBTC has amassed over 144,000 BTC ($10 billion).

Spot Bitcoin ​ETF trading volume continues to fall.

US spot Bitcoin ETFs recorded trading volume of $3.03 billion on Monday, led by BlackRock’s IBIT, which registered $1.37 billion. Grayscale’s GBTC and Fidelity’s FBTC generated $806 million and $556 million, respectively, according to The Block’s data dashboard.

However, daily trading volume has continued to decline since its peak of $9.93 billion on March 5, when Bitcoin first broke the previous cycle’s all-time high of about $69,000.

Currently, the cumulative trading volume of all spot Bitcoin ​ETFs stands at $184.6 billion.

According to The Block’s price page, Bitcoin is currently trading at $66,007. This is a 4.5% decline over the last 24 hours, and started trading above $71,000 yesterday. Meanwhile, the GMCI 30 index representing the top 30 cryptocurrencies fell 5.4% to 144.80 over the past 24 hours.

BTC/USD price chart. Image: Block/TradingView.

According to CoinGlass data, market volatility led to the liquidation of more than $135 million in Bitcoin positions in the past 24 hours, of which $93 million were long positions.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025
Most Popular

Ethereum rivals have exploded more than 1,000% this year to record highs, according to venture capitalists.

December 25, 2023

Doodles joins luxury watch brand G-Shock to launch NFT-inspired watch

February 1, 2024

Binance Introduces Zero Fees for EURI Purchases via SEPA Bank Transfers

September 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.