Bitcoin ETF outflows for 2 consecutive days! BTC fell below $61,000, the largest single-day drop since the FTX incident

On March 19, the total net outflow of Bitcoin spot ETFs reached $326 million, of which GBTC contributed -$443 million. Compared with the 18th, ETF net outflows doubled. In addition, Bitcoin’s decline on that day set the largest single-day decline since the FTX incident.

Bitcoin fell below 61K, the largest single-day drop after the FTX incident

Bitcoin fell to a minimum of $60,767 on the 20th, and ETH also fell below 3.2K, with a minimum of $3,055.

Among them, Bitcoin fell by 8.95% on the 19th, setting the largest single-day drop since the collapse of FTX:

• The Bitcoin ETF was launched on January 11: - 7.67%

• Evergrande went bankrupt on August 18, 2023: -7.34%

• FTX suspended withdrawals on November 9, 2022: -14.15%

Bitcoin spot ETF outflows for two consecutive days

The total net outflow of Bitcoin spot ETF on March 19 was US$326 million, and GBTC contributed -$443 million.

Following the net outflow of -US$154 million on the 18th, the net outflow of ETFs doubled.

In addition, only three ETFs showed net inflows and none reached the scale of 100 million. The issuer data is as follows:

• Grayscale GBTC: -$443 million

• BlackRock IBIT: $75.2 million

• Fidelity FBTC: $39.6 million

• Bitwise BITB: $2.5M

Bitcoin ETF Data

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