The cryptocurrency market has seen a significant shift in investment patterns, with Bitcoin ETFs experiencing record inflows and outflows. Fidelity's Bitcoin ETF, FBTC, led the inflows on March 15th with approximately $155 million, contributing to its total holdings of $6.9 billion. Overall, Bitcoin spot ETFs witnessed $198 million in inflows, while Grayscale's GBTC faced an outflow of $139 million. Additionally, nine new Bitcoin ETFs have collectively accumulated over 450,000 BTC, valued at more than $30 billion. BlackRock's iShares Bitcoin Trust, IBIT, now holds more Bitcoin than Microstrategy, with over 228,000 BTC. Two spot Bitcoin ETFs, IBIT and FBTC, are among the top six ETFs for inflows this year out of over 3,400 ETFs. The market also saw a record $2.9 billion inflow into digital asset investment products in one week, surpassing the previous record of $2.7 billion. Year-to-date inflows for 2024 have reached $13.2 billion, outpacing the total inflows of 2021. However, Grayscale's spot Bitcoin ETF experienced a record outflow of $643 million on March 18th, marking the largest outflow since its approval. This has led to a net outflow of $154 million from Bitcoin ETFs on the same day, with the total Bitcoin held in ETFs now at 833.8K BTC. Amid these shifts, Bitcoin's price briefly slumped below $63,000 after topping a record $73,000 last week.
Bitcoin fell below $63K, sparking a marketwide correction with crypto market cap dropping 8% in 24 hrs. Major tokens including ETH, SOL, BNB, and ADA see over 9% slump, while meme coins dropped 17% on average. https://t.co/mFoHYmgsKs
Grayscale’s Bitcoin ETF posts largest daily outflow as Bitcoin’s price wobbles near $63,000 https://t.co/DVuucU4B58
Crypto asset management firm Grayscale with $26 billion allocated in its ETF fund GBTC plans to drop fees as its outflows reached $12 billion https://t.co/0V4TvZ4Y4j
Bitcoin briefly slumps below $63,000 after topping a record $73,000 last week https://t.co/QTDC7a6GTM
Bitcoin briefly slumps below $63,000 after topping a record $73,000 last week https://t.co/WHAVujv92w
Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion - CNBC https://t.co/EAAX9CqUcv
And here is the final daily breakdown: in a day when GBTC saw record liquidations (to meet bankruptcy obligations of Genesis and others) and when bitcoin tumbled, Blackrock's IBIT saw a surge of inflows. ETF demand is relentless and price indiscriminate https://t.co/xucXM3GbOk https://t.co/komoqQr3tY
Grayscale’s GBTC spot bitcoin ETF sees record $642.5 million daily outflow https://t.co/nmcQPUm4y0
🚨BREAKING: @GRAYSCALE CEO REVEALS THAT ITS $BTC ETF FEES WILL COME DOWN "OVER TIME"
📉 #Bitcoin ETFs saw a net outflow of $154M on March 18, marking the first outflow since March 1, with 2,229 BTC leaving the market. Despite this, March's MTD flows remain positive at $4.5B. https://t.co/RZyKVvH8xn
🚨 BREAKING 🚨 BLACKROCK HAS BOUGHT A TOTAL OF 14000 BTC SINCE BTC TOPPED AT $74K WHILE THE RETAIL IS PANICKING, BLACKROCK IS ACCUMULATING MORE
INSIGHTS: No outflows for #Bitcoin Newborn Nine ETFs as Grayscale forces $154 million net outflow via @akibablade https://t.co/2Z8GUoK4pJ
Digital asset investment manager @Grayscale’s CEO @Sonnenshein said that the fees of its bitcoin exchange-traded fund (GBTC) will decrease over time. By @JamieCrawleyCD. https://t.co/hc6DqCJzek
A record $642.5 million was withdrawn from Grayscale's spot bitcoin-ETF at the end of yesterday's session. As a result, the total net outflow for the US products segment amounted to $154 mln. https://t.co/KiwDGwTXrg
Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion https://t.co/lQnoMlC9YQ
[1/4] Bitcoin ETF Flow - 18 March 2024 All data in. $154m net outflow. First outflow day since 1st March. Biggest disappointment was Fidelity inflow appears to be declining, just $5.9m on the day, a record low. https://t.co/6uvxPfarz7
Record YTD daily net outflows yesterday of -4,452 BTC for BTC investment vehicles. The negative flows stem from U.S. vehicles, both spot (-2,297 BTC) and futures (-2,035 BTC). Spot: Massive GBTC outflows, tiny FBTC flows. Futures: Significant VolatilityShares outflows. https://t.co/dGGOHnV7Oz
GBTC with -$642 mil outflows, bullish https://t.co/0y8urtdvSH
UPDATE: GRAYSCALE'S SPOT #BITCOIN ETF SEES $640M IN OUTFLOWS ON MARCH 18, MARKING THE LARGEST DAY OF OUTFLOWS SINCE APPROVAL ON JAN. 11
Yesterday we had the largest outflows from Grayscale's $GBTC product yet. This led to a net outflow of $154m from the ETFs which led to some of the #Bitcoin selloff. https://t.co/LwLX8EurML
UPDATE (3/18) Bitcoin ETF Net Out Flows -2.3K #BTC New 9 ETFs + 7.3K BTC Total Bitcoin Held in ETFs 833.8K BTC Highlights Blackrock + 6.7K #BTC GBTC -9.6K #BTC Follow our ETF tracker for live updates https://t.co/BmHx4rdGwd
We've got a negative flow day for the Cointucky Derby #Bitcoin ETFs thanks to $GBTC's $643 million outflow day https://t.co/scmVgmwtiH
Yesterday's ETF flows weren't as bad as many expected. $GBTC (of course Barry) tried to dump hard on us with $642.5 million of outflows. Blackrock did $451.5 inflows trying to save the day. All other ETFs were basically just neutral. Price currently at $65.5k, about 10% from… https://t.co/Aujbf3t0Vz
Net outflow of $154m on 18 March for the Bitcoin ETFs, driven by record $643m GBTC outflow https://t.co/r1Riwxjspo https://t.co/ozlr7Ql9jH
$BTC ETFs -$154.3m net outflows today $GBTC with -$642.5m outflows today, a new high https://t.co/7r3y4cK0cp
First net outflow since March 1st. $BTC https://t.co/jomxbZAfMf
Bitcoin ETFs: biggest outflow from Grayscale yet. Nobody else selling even during market rout days https://t.co/KLuHSs2QCx
BTC ETF flows are in the driver's seat Watch those flows
🚨 On the same day gBTC has seen record high outflows, Fidelity's FBTC has seen record low inflows of only +$5.9M https://t.co/E4aP1sNGzF
Record low inflow for Fidelity On the same day as a record high outflow for GBTC https://t.co/JlqZrfneGA
JUST IN: Grayscale sees RECORD OUTFLOWS from their spot #Bitcoin ETF with $643 million worth being sold 👀😮 https://t.co/o87xSZCGmw
Biggest outflow for GBTC thus far https://t.co/g6wdrTPOhE
NINE THOUSAND SIX HUNDRED BITCOIN WITHDRAWN FROM GBTC TODAY @cmsholdings https://t.co/NPv51G8wnt
Record outflow from GBTC today https://t.co/A2w5zhQ4G4 https://t.co/BqtVsgzYkA
Bitcoin ETF Flow - 18 March 2024 GBTC Outflow $643m
A record $2.9 billion flooded into crypto funds last week, most of it backing Bitcoin ETFs, says CoinShares. https://t.co/JSa6FKueu1
Bitcoin ETFs in the U.S. saw record inflows last week, but 10x Research reports that analysts caution about possible price declines if demand falters https://t.co/bQIgXc6BYc
FUN FACT: BlackRock and Fidelity's Spot #Bitcoin ETFs are now among the Top 5 ETFs by total inflows 👀🚀
Crypto fund flows this year have surpassed the total seen in all of 2021 as ETFs stoke huge demand https://t.co/mOi8Jc1FiN
Bitcoin ETFs reached a record $2.56b inflows last week. This was the largest weekly inflow since launch. https://t.co/2NpWRqrXVB
Cointucky Derby Update for the #Bitcoin ETFs Last week was another super strong week at ~$2.6 Billion of inflows. Notably $IBIT is pulling away as the liquidity leader and has officially traded more than $GBTC since the ETFs launched. https://t.co/h3mAAoT1oc
Mar 18 Update: #Grayscale decreased 3,726 $BTC(-$251M) and currently holds 380,241 $BTC($25.62B). #Fidelity added 2,230 $BTC(+$150.24M) and currently holds 134,801 $BTC($9.08B). 9 ETFs(Including #Grayscale) added 1,142 $BTC(+$76.9M). https://t.co/aHHj9Yp45e https://t.co/JEi6mpRyJt
Bitcoin ETFs pulled a record $2.56b inflows last week. The HIGHEST weekly inflow since launching. https://t.co/ZhX98qBAZX
Fidelity’s Wise Origin Bitcoin Fund $FBTC is the fifth most popular ETF on the market right now, attracting more than $6.9 billion since its introduction on Jan. 12. @HeleneBraunn reports https://t.co/yKkdehCAmE
Data shows that the average trade size for the biggest spot bitcoin ETF, BlackRock’s IBIT, hovers around $13,000, suggesting that a big chunk of its demand is coming from nonprofessional investors. In depth by @HeleneBraunn #bitcoinETFs https://t.co/aGDiu4GPr5
JUST IN: Bitcoin ETFs pulled a record $2.56b inflows last week. The HIGHEST weekly inflow since launching. https://t.co/g68J7GykLn
BIG BREAKING 🚨 BLACKROCK AND FIDELITY'S #BITCOIN ETFs ARE NOW AMONG THE TOP 5 ETFS BY TOTAL INFLOWS. 👀🔥 https://t.co/0xw0a3nbq6
✅ Heavy trading volume for Bitcoin ETFs this Monday morning $IBIT > $414 Million & #4 of all ETFs! $FBTC w/ $168m is trailing $GBTC $211m 👇 https://t.co/06qXHXFkj5
$2.9B inflows. Another record broken https://t.co/pfZp1QsKjY
US spot bitcoin ETF net inflows persist with the 10-fund segment notching a record showing last week https://t.co/eRynEQcMqI
"Led by the newly created spot bitcoin ETFs, bitcoin funds saw an inflow of $10.6bn YTD vs. an outflow of $7.6bn for physical gold ETFs." - JPMorgan https://t.co/WXahLyBqAK
NEW: BlackRock and Fidelity's #Bitcoin ETFs are now among the Top 5 ETFs by total inflows. And we're just getting started... 🚀
Investment products based on digital assets attracted $2.9 billion in the week from March 11 to March 15 https://t.co/VwVOHQKW9K
Crypto-based investment products once again set a record for funds raised in a week at $2.9bn, according to a CoinShares report. Total inflows since the beginning of the year rose to $13.2bn. https://t.co/yqeNIfrG2A
This is Blackrock 3 weeks ago This is Blackrock now. when they had $6.3B of BTC. They have $15.3B of BTC. https://t.co/78RFG9ozH8
UPDATE: DIGITAL ASSET INVESTMENT PRODUCTS HIT A NEW HIGH WITH $2.9B WEEKLY INFLOWS, SURPASSING THE PREVIOUS RECORD OF $2.7B
"Investors have yanked about $11.7 billion since GBTC’s conversion to an ETF in mid-January this year, the second-biggest exodus of more than 3,400 US-listed products." @kgreifeld https://t.co/zdh4kNjulh
This week's crypto asset inflows have SMASHED the full 2021 inflows of $10.6bn with $13.2bn year-to-date 🔥 https://t.co/EeGyduSBHA
Financial flows in the largest ETFs from the beginning of 2024. Spot BTC-ETFs lead all ETFs in terms of inflows. https://t.co/hHEfoePtSU
Digital asset investment products saw record weekly inflows totalling US$2.9bn, beating the prior week’s all-time record of US$2.7bn. This week’s inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn. During the week global Crypto ETPs…
Digital asset investment products reached a new weekly inflow record of $2.9B, surpassing last week's $2.7B. 2024 inflows now total $13.2B, outpacing 2021's $10.6B. Meanwhile, $ETH, $SOL, and $MATIC faced outflows of $14m, $2.7m, and $6.8m https://t.co/dMpBjf5Tsa
Another Digital Assets ETF record broken, with US$2.9bn inflows https://t.co/g3MrayHn4D
💥JUST IN: BlackRock and Fidelity #Bitcoin ETFs are in the top 5 ETFs for inflows this year. The other 3 ETFs have HUNDREDS OF BILLIONS in assets! 🫡 @EricBalchunas https://t.co/BoNCd9C41u
$IBIT and $FBTC now both in Top 5 ETFs by YTD flows. Check out the asset differentials in the second column. Little babies hanging with giants. Wild sht. https://t.co/qx9gZpLjCY
Spot bitcoin ETFs reach record highs for weekly inflows and trading volume https://t.co/G4GJ2WdOxI
$2.5B of net flow for bitcoin ETFs last week, just 1.3% away from mid-february's ATH src: https://t.co/jW6Of0S51K https://t.co/KmGlKWOSFI
A whopping $1.4 billion withdrawn from Coinbase - the second largest this year! Sunday's Bitcoin dip saw unprecedented demand. BlackRock went on a BTC buying spree last week. It will be interesting to monitor their actions this week. https://t.co/pvRcmeg58c
Blackrock #BTC Inflows 34.6K Last Week 31.4K The Week Before 34.3K The Week Before That Any wild guesses how much they buy this week? Follow our ETF Tracker to find out! https://t.co/UHmId6vdkC
JPM said retail and institutional investors have been buying both gold and bitcoin this year. The bank’s analysis shows a “sharp position build-up since February of $7b in bitcoin futures and $30b in gold futures.” The risk of mean reversion looks high, the bank said, which means…
2 spot bitcoin ETFs now in top 6 of *all* ETF inflows this yr… IBIT (3rd) & FBTC (6th). That’s out of 3,400+ ETFs. Other 4 ETFs include 2 S&P 500 ETFs (VOO & IVV), Schwab US Dividend Equity ETF (SCHD), & Vanguard Total Stock Market ETF (VTI).
9 New #Bitcoin ETFs Surpass GBTC by Accumulating 450,000 BTC Worth Over $30B https://t.co/2m4yAvENA5
IBIT dominates the BTC spot ETFs game with massive volume and a hefty BTC stash. BlackRock’s iShares Bitcoin Trust ($IBIT) now holds more Bitcoin than Microstrategy, managing over 228K BTC. https://t.co/oHLaC9jonR
NEW: Fidelity's #Bitcoin ETF $FBTC led inflows on March 15th with roughly 💵 $155M, bringing its total to $6.87B. Overall, #Bitcoin spot ETFs saw $198M inflow, while Grayscale's $GBTC faced an outflow of $139M. https://t.co/9tGtMgST0g