The outflow of funds from spot bitcoin ETFs amounted to almost $94 million

On March 21, 2024, the net daily outflow of capital in the bitcoin spot ETF sector amounted to $93.85 million, according to SoSo Value.

The negative trend continues for the fourth day in a row. It is due to an increase in outflow in the amount of $358.79 million from the GBTC fund from Grayscale Investments. In the period from March 18 to March 21, this figure increased to more than $ 1.8 billion, and the total outflow of funds from spot bitcoin funds during this time amounted to more than $835 million.

According to the data, the first place in terms of capital inflow was taken by the iShares Bitcoin Trust (IBIT) crypto fund from BlacRock. He added $233.45 million to his balance sheet, and the amount of funds under management reached $13.32 billion.

In second place is an investment product from Bitwise Asset Management — $12.10 million, in third place is Valkyrie Bitcoin Fund (BRRR) with an indicator of $4.72 million. The remaining bitcoin ETFs received a total of $14.69 million.

Source: https://incrypted.com/ottok-sredstv-so-spotovyh-bitkoin-etf-sostavil-pochti-94-mln/