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Bitcoin ETF Net Outflow Reaches $68.41M as Market Assets Hit $93.25B
Bitcoin ETF net outflow reached $68.41M on March 14, while total net assets stood at $93.25B.
IBIT saw a daily net outflow of $96.24M despite holding the largest net assets at $48.04B.
GBTC recorded a cumulative net outflow of $22.50B, while FBTC’s total net inflow reached $11.25B
Bitcoin ETF netflow data indicates strong buying pressure during market dips. On February 28, Bitcoin surged to $78,200, but ETF netflows declined sharply. Investors appeared cautious despite price gains. Market movements suggest capital rotation, with ETF inflows fluctuating based on Bitcoin's volatility and broader macroeconomic conditions affecting digital asset demand.
March 14 Update: Net Outflow Hits $68.41M as Assets Reach $93.25B
Recent SoSoValue market data for March 14 shows a daily total net outflow of $68.41 million. The cumulative total net inflow stands at $35.20 billion, while the total net assets are valued at $93.25 billion, representing 5.60% of Bitcoin's market cap. The total value traded on this day reached $2.81 billion.
IBIT, traded on NASDAQ and sponsored by BlackRock, has the highest net assets at $48.04 billion. However, it experienced a daily net outflow of $96.24 million. GBTC, traded on NYSE and managed by Grayscale, holds $16.40 billion in net assets but has a cumulative net outflow of $22.50 billion. FBTC, listed on CBOE under Fidelity, shows a cumulative net inflow of $11.25 billion and net assets of $15.62 billion.
Mixed Netflows Noted as Prices Gain Up to 5.76%
BTC, another Grayscale product on NYSE, holds net assets of $3.41 billion with no recorded net inflow for the day. BITB, from Bitwise on NYSE, has $3.25 billion in net assets and saw a daily net inflow of $23.04 million. HODL, under VanEck and traded on CBOE, has $1.19 billion in net assets and a net inflow of $4.79 million.
BRRR, a Valkyrie product on NASDAQ, holds $513.58 million in net assets but had no inflow on March 14. BTCO, under Invesco and traded on CBOE, has a cumulative net inflow of $115.37 million and net assets of $464.31 million. EZBC, backed by Franklin on CBOE, shows net assets of $426.73 million with a cumulative net inflow of $244.91 million.
BTCW, sponsored by WisdomTree, has net assets of $198.85 million, while DEFI, under Hashdex, holds $13.46 million. Market price movements show IBIT at $48.14, GBTC at $66.95, and FBTC at $73.93, with daily percentage increases ranging from 5.51% to 5.76%.
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