#Bitcoin ETFs Update – Wednesday, March 20
Reporting has begun by the issuers, and it is time to chart the ETF flows. Let's go. 🧵
1/ $GBTC outflow slowed down a bit to -$387M. Their AUM is down to 365K BTC, -45% from the peak.
#Bitcoin ETFs Update – Tuesday, March 19
Ladies and gentlemen! The Bitcoin ETF complex had its worst day today, by a wide margin, with strong outflows and weak inflows.
Net flow: $-326M
In the past 45 days, inflow was double outflow.
The nine new ETFs (ex-GBTC) have brought in ~$24B while GBTC has lost ~$12B. A mountain of new money keeps coming in.
#Bitcoin ETF Weekly Performance Summary
- This week saw $2.57B of net flow
- Blackrock brought in $2.5B, Fidelity $0.7B, and the rest $0.6
- GBTC lost another $1.25B