Bitcoin Spot ETFs Face $409 Million Outflow as Investors Flee

Coin WorldSaturday, Mar 8, 2025 12:07 am ET

1min read

Yesterday, the Bitcoin Spot ETF experienced a significant net outflow of $409 million, marking the fifth consecutive day of net outflows. This trend has raised concerns among investors and analysts about the current sentiment towards Bitcoin and the broader cryptocurrency market.

Grayscale ETF GBTC, one of the largest Bitcoin investment trusts, saw a daily net outflow of $36.4606 million. The cumulative net outflow for GBTC has now reached $22.421 billion, indicating a sustained period of investor withdrawals. In contrast, Grayscale Bitcoin Trust BTC did not experience any net outflow, with a total net inflow of $1.086 billion to date.

The VanEck ETF HODL was the only Bitcoin Spot ETF to see a net inflow yesterday, with a daily net inflow of $619,600. The total net inflow for HODL has reached $828 million, making it a notable exception in the current market trend. As of the latest data, the total net asset value of the Bitcoin Spot ETF stands at $98.483 billion, with the ETF's net asset ratio at 5.71% of the total Bitcoin market value. The historical cumulative net inflow for Bitcoin Spot ETFs has reached $36.142 billion.

This prolonged period of net outflows suggests a shift in investor sentiment, possibly due to market volatility, regulatory concerns, or other external factors. The continued outflows from major Bitcoin investment trusts like GBTC highlight the cautious approach many investors are taking in the current market environment. However, the positive performance of the VanEck ETF HODL indicates that there are still opportunities for growth within the Bitcoin Spot ETF market.

Investors and analysts will be closely monitoring the situation to see if this trend continues or if there is a reversal in the coming days. The performance of Bitcoin Spot ETFs is a critical indicator of market sentiment and can provide valuable insights into the broader cryptocurrency landscape. As the market evolves, it will be essential to stay informed about these developments and their potential impact on investment strategies.

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