The cryptocurrency market experienced significant movements in the last week, marked by record outflows from digital asset investment products and a notable shift in Bitcoin ETF dynamics. Digital asset investment products witnessed a record outflow of $942 million, ending a seven-week streak of inflows that cumulatively totaled up to $12.3 billion. This massive outflow was led by Grayscale's Bitcoin ETF, which alone accounted for $1.9 billion in outflows. Despite this, the US ETF market managed to gather $1.1 billion in inflows, mitigating the impact of Grayscale's outflows. BlackRock's spot Bitcoin ETF, IBIT, is on course to overtake Grayscale's GBTC in total Bitcoin holdings within two weeks, with GBTC facing potential Bitcoin depletion in 14 weeks. This shift comes as BlackRock's ETF has accounted for over 50% of their net inflows in 2024, despite recent outflows from Bitcoin ETFs totaling $889.75M over five consecutive days. The market also saw a significant Coinbase premium return, indicating a potential shift back to positive ETF flow. Bitcoin (BTC) is holding strong at around the $65,000 mark, while Ethereum (ETH) hovers at around $3,400.
🚨 Spot #Bitcoin ETFs ended their streak of outflows with small net inflows of +$15.4 million for Monday https://t.co/ciLLQhHhDR
Yesterday's ETF flows were positive once again after a negative week for $15.4 million. $GBTC had $350 million in outflows. Fidelity started picking up last week's slack with $261.8 million in inflows. Blackrock only did $35 million. Price moved from $65k to above $70k. A day… https://t.co/HCNwa7L2p8
Bitcoin ETF Flow (US$ million) - 2024-03-25 TOTAL NET FLOW: 15.4 (Provisional data) IBIT: 35.5 FBTC: 261.8 BITB: 14 ARKB: 0 BTCO: 18.5 EZBC: 20.5 BRRR: 11.2 HODL: 4 BTCW: 0 GBTC: -350.1 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk
Bitcoin ETF Daily Flow Blackrock US$ Flow: 35.5 million For all the data and disclaimers visit: https://t.co/4ISlrCgZdk
Unofficial report has $IBIT coming in at only 35Mil today. Way under Fidelity but enough to push us to a positive inflow start to the week with around 15M+ for #BTC ETFs. Was hoping to see IBIT come in strong but green is green. https://t.co/iJ4IGUcbfy
Crypto funds just had their biggest week of outflows on record, according to CoinShares https://t.co/Mquni4Dx9G
BlackRock's ETF accumulated another 501 Bitcoin today. 👀
3/25 $IBIT inflow +501 BTC (est. $+35.4 million)
A Coinbase report shows that the cryptocurrency market has recently focused more on the flow of funds into spot Bitcoin ETFs rather than others. The recent outflow may be related to the liquidation of bankruptcy assets of Genesis Global, involving the sale of approximately 35.9…
Bitcoin ETF update: huge Fidelity (FBTC) inflow today at $262MM, biggest since March 13; IBIT could be over $500MM
🚨 gBTC saw -$350.1 million in outflows today
For anyone expecting a slowdown in GBTC outflows this week, for at least the first day, this not not appear to be the case https://t.co/7YR6HjGnER https://t.co/hjLdl2EeRI
Bitcoin ETF Flow - 25 March 2024 GBTC Outflow $350m
.@coinbase says recent selling pressure in @Grayscale’s $GBTC may have come from Genesis' bankruptcy estate. https://t.co/bhE5Zc7OcU
Crypto funds—including Bitcoin ETFs—shed nearly $1 billion last week according to a @CoinSharesCo report. That ends the seven-week streak of gains. Click to read: https://t.co/MUHyexAnT0
Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week https://t.co/hLKXo8mv15 https://t.co/qz7Dpko6Ly
BTC ATH if we can get $1.5bn of net inflows this week imo I have zero idea if that's possible but clearly either some GBTC pressure has subsided today or IBIT putting in some big numbers I'm also just making up random numbers Good luck
📈#Bitcoin Spot ETF Alert! Massive #ETF FOMO hitting the market - surge in volume with nearly 2hrs left on the clock! 🕑💥 Predicting a whopping 70M+ for #Blackrock's $IBIT📈 #ButTheETFsAreDead 😂 https://t.co/5uLvZUNRG8
#Bitcoin Looks like it will probably be a big net inflow day for the ETFs again today. Just continuous bid ever since the US market open. Very different from last week. https://t.co/CAVuzsOquS
📈 Market Update — 25 March 2024 ‣ Bitcoin saw significant sell pressure last week primarily due to GBTC outflows ‣ SEC scrutiny on EF-associated firms suggests May ether ETF approvals are unlikely ‣ Bitcoin up 9.6% following FOMC's hint at a potential 75 bps rate cut in 2024 https://t.co/PIeK3NcsgS
Bitcoin ETFs, Crypto Funds Lost Nearly $1 Billion Last Week Due to Investor 'Hesitancy' ► https://t.co/rY04KVaGgq https://t.co/rY04KVaGgq
Global crypto funds took a sharp downturn last week as investors pulled out $942 million — the most on record, according to CoinShares. https://t.co/avSUvkTK46
🚨 BlackRock and Fidelity now own 379,151 $BTC worth over $26.3 billion for their spot #Bitcoin ETFs 🚀
💥Our daily recap is live!👀 • Bitcoin ETFs' record outflows • @0xPolygon zkEVM endures outage • @worldcoin acts on data security concerns • @Polymarket punters predict airdrops • @dexscreener considers moderation • @base adoption surges Read More: https://t.co/eUSIBVKHrY https://t.co/ifYT79R5Qp
The IBIT #bitcoin spot ETF made up more than half of @BlackRock's net inflows for the year despite the company’s large portfolio of 420 ETFs. Similarly, FBTC accounted for 70% of Fidelity’s YTD flows, attracting 5x more capital than any other ETF in the company’s lineup.…
Digital asset investment products witnessed record weekly outflows last week after billions piled into the vehicles over the past few months. @LedesmaLyllah reports. https://t.co/suuIMXsEN5
NEW: In under three months, BlackRock's #Bitcoin ETF, IBIT, accumulates a greater amount of #BTC than the combined holdings of older exchanges OKX (2017) and Kraken (2011) 👀 h/t: @ali_charts https://t.co/92FmdE7c4g
BlackRock's #Bitcoin ETF has accounted for over 50% of their net inflows in 2024 https://t.co/63HJ3jCWls
Mar 25 Update: #Grayscale decreased 5,507 $BTC(-$382.9M) and currently holds 350,252 $BTC($24.35B). 9 ETFs(Including #Grayscale) decreased 3,562 $BTC(-$247.6M). https://t.co/DPAzQ4aRyX https://t.co/7LjhcKqM4V
BlackRock + Fidelity Inflows vs Grayscale Outflows https://t.co/sDsn2qiwB4
NEW: 🔸Bitcoin ETFs had the first week of outflows after 7 consecutive weeks of inflows. Mainly due to BlackRock & Fidelity inflows drying up, while Grayscale outflows remained high. https://t.co/EkwwrQgfmd
$BTC coming out strong this morning with a big return of the Coinbase premium, the strongest its been since ATHs on March 13th. After a full week of ETF outflows, today *should* return us to the positive ETF flow regime as long as the premium holds up. https://t.co/fvkprQWbaC
Looks like outflows from Grayscale's $BTC ETF aren't over... https://t.co/b5Qn3o2zbS
NEW: #Bitcoin spot ETFs faces their worst week since launch, totaling 💵 outflows of $889.75M over five consecutive days, March 18-22. The outflows peaked at $326.2M on March 19th, then gradually subsided to $51.6M by March 22nd. https://t.co/EgNeC4EZnY
FOMO HOUR #84 - BASE ON TOP! • Majors continue to rally as ETF sentiment improves • Genesis have likely sold half their GBTC position • BlackRock could flip GBTC holdings in 3 weeks • BTC short squeeze would liquidate $6.6BN by $75K • Lack of on-chain activity indicates… https://t.co/1VpTa3wWCC
The outflow from crypto investment products from March 16 to 22 reached $942 million after the maximum historical inflow of $2.92 billion https://t.co/1DkoT0ZYxh
Grayscale Bitcoin ETF’s $2bn in outflows lead record bleed in crypto funds. Here’s what will lure investors back https://t.co/E5xwrarovN
CRYPTO INVESTMENT PRODUCTS WITNESSED $1 BILLION EXODUS LAST WEEK - According to CoinShares’ latest blog, Bitcoin and crypto investment products witnessed a staggering $942 million last week. - The outflows follow a 7-week run of inflows to such products, cumulatively totalling… https://t.co/K12vnwS5mg https://t.co/CaH8SJmypz
🚨JUST IN: CRYPTO INVESTMENT PRODUCTS SAW NEARLY $1 BILLION IN OUTFLOWS LAST WEEK
Global crypto funds saw record net outflows of nearly $1 billion last week https://t.co/qAsYB3Z82B
💼Last week was the worst yet for spot Bitcoin ETFs, with $2B worth of GBTC sales resulting in a weekly outflow of $890M. Analysts attributed the milestone to Gemini Earn offloading GBTC shares provided by Genesis as loan collateral 👀 Read More: https://t.co/iSZEdq0dZm https://t.co/nriIiQs4db
🟥 Things I’m looking at today 🟥 ETF outflows may slow, Base volumes outpace SOL, memecoins lead bounce Crypto * BTC: 66.8k (+2%), ETH: 3435 (+1%), SOL: 176 (+7%) * Top 100 gainers: ICP, WIF, ONDO, NEAR * Majors continue to rally as ETF sentiment improves * Genesis have… https://t.co/zUd2xfWzs7
The 10 US spot bitcoin ETFs suffered net outflows each day last week — a streak not seen since the funds launched on Jan. 11. https://t.co/4csd1crZme
Digital asset investment products experienced a weekly outflow of $942 million, ending a 7-week streak of inflows up to $12.3 billion. ETF issuers in the US managed to gather $1.1 billion in inflows, which helped to mitigate the impact of Grayscale’s $2 billion outflows https://t.co/eKSBE1mEv6
According to CoinShares, last week saw a record outflow of $942 million from digital asset investment products, marking the first outflow after seven consecutive weeks of inflows. Among these, Bitcoin saw outflows of $904 million, while Ethereum, Solana, and Cardano experienced…
So Gemini/Genesis bk had about $3.9bn to sell. GBTC saw $2bn outflows last week. I doubt 100% of last weeks' outflow was the bk selling but it does feel like we're through a decent chunk of it. https://t.co/GOktiYC5eV
Hesitancy amongst investors led to record digital asset ETF / ETP net outflows of US$942m https://t.co/Iz8kUsEy2G
Cointucky Derby update for the #bitcoin ETFs. Last week was -$888 million for the group. Outflows were likely related to bankruptcy -- they were mostly Gemini/Genesis selling. *Expecting* that to slow over the next ~week. They had a total of ~$3.9 bln of $GBTC to sell. https://t.co/qXiog228z8
Despite the Grayscale's ETF bitcoin outflows of $13.8 billion worth of Bitcoin, Blackrock's IBIT ETF absorbed $13.341 billion between March 6 and March 22. The net US ETF demand in that period was +$11.27 billion. This does not count other buyers like Microstrategy. With… https://t.co/55QGfNlTPI
Bitcoin price battled bearish headwinds last week as Bitcoin ETFs piled on selling pressure. On-chain data trends suggest Bitcoin is poised for more volatility in the week ahead https://t.co/obB0YIiNtu
Weekly Crypto Market Overview 📣 👉 News: — SEC delays Grayscale futures #EthereumETF — BlackRock's ETF could flip GBTC in Bitcoin holdings within 3 weeks 👉 Project Updates: — Ethereum’s Pectra upgrade to raise max validator stake to between 32 and 2,048 $ETH — Google now… https://t.co/uVRrD3pwMv
.@coinbase says recent selling pressure in @Grayscale’s $GBTC may have come from Genesis' bankruptcy estate. @willcanny99 reports https://t.co/crJgtCBvLc
#Bitcoin has corrected for the last two weeks as #ETF flows have turned negative. #Genesis liquidating #GBTC shares was seen as the reason. Judging by the outflows, the odds are high(er) that ETF flows will turn positive. Access the full chart for insights:… https://t.co/dbZuCqJ7iS
BlackRock’s Bitcoin ETF poised to surpass GBTC holdings in two weeks, predicts Arkham Intelligence: GBTC facing potential BTC depletion in 14 weeks. https://t.co/Fpv8NwOwJo
BlackRock’s spot bitcoin ETF is on course to overtake Grayscale’s GBTC in total bitcoin holdings in just two weeks, but the latter could run out of bitcoin entirely in 14 weeks, according to blockchain analytics firm Arkham. @tikta_ reports https://t.co/7caTWcQbki
BlackRock’s ETF could hold more #Bitcoin than Grayscale’s GBTC within just a few weeks — if current trends hold. https://t.co/2ULuB9jNZa
Spot bitcoin ETFs have taken in a net $11bil & have $50bil AUM in 2+ months & the media is already trying to call it over… No idea what happens w/ flows moving forward, but someone pls tell them numerous RIAs & brokerage platforms haven’t even approved these things for use yet. https://t.co/ECZTGe4f0g
We're on our fifth straight day of outflows from the Bitcoin ETFs. I'm still as bullish as I've ever been, but this is a good reminder that nothing goes up forever. Remember this when the "follow the flows" crowd reaches fever pitch and investors start calling for $500K BTC. https://t.co/2iev0vV3s3
What Happened in Crypto in the Last 12h…? - $BTC appears to hold strong at around the $65,000 mark - Price of $ETH hovers at around $3,400 - $XEC and $BTT leads 24h gains with +18% and +14% respectively - @0xPolygon’s ‘Polygon zkEVM’ network experiences a major outage of… https://t.co/pWHPiyqyar