#Bitcoin ETFs Update – Wednesday, March 20
Reporting has begun by the issuers, and it is time to chart the ETF flows. Let's go. 🧵
1/ $GBTC outflow slowed down a bit to -$387M. Their AUM is down to 365K BTC, -45% from the peak.
Discussion
2/ Franklin's $EZBC had a really good day, with $19M – it's third largest inflow.
3/ Bitwise gets another $19M
4/ And $ARKB recovers from a few days of slumber with $23M of inflow.
5/ Fidelity continues its streak of three weak flows with only $12.9M
6 - Invesco's $BTCO is an embarrassment. Been losing #Bitcoin left and right since Feb 6. Their good days are zero-flow days =))
7/ VanEck's $HODL is alive and had a $9M flow
8 - Blackrock inflows going lower. Only $49M today – the second lowest inflow ever. It appears that the insatiable investor demand has finally calmed down. Bitcoin had its first large correction, and that might have been a reality check for some investors.
(the full report for today's ETF performance below)
9/ Net Flow
#Bitcoin ETFs Update – The 2nd Most Negative Day
Today was another negative day with a net flow of -$262M, the 2nd largest outflow on record.
(full report below)
Thank you for bringing this to Nostr!!! I hate reading these threads on X, the replies are just distracting as hell.