#hotTrends #ETFbitcoin $BTC $ETH GBTC net outflow, down 53 % from the previous day... 170 million USD.The net cash flow of Grayscale Bitcoin Trust (GBTC), which is experiencing record net cash flow, has decreased significantly. On the 18th, a record net cash flow of 642.5 million USD was recorded. 9th place (443.5 million USD)
20th (386.6 million USD)
21st (358.8 million USD)
Capital outflows from spot bitcoin ETFs increased sharply
Bitcoin has fallen more than 10% from its all-time high last week, as demand for spot Bitcoin exchange-traded funds (ETFs) cools.
According to regulations, spot ETFs buy Bitcoin directly from individuals or other organizations or through cryptocurrency exchanges, then issue a number of fund certificates corresponding to the amount of Bitcoin held.
Thus, individual investors can easily buy and sell spot Bitcoin ETF certificates just like buying stocks through traditional securities accounts. This helps investors avoid problems or risks that they may encounter when directly owning Bitcoin.
Strategists at JPMorgan Chase and Co. Warning, bitcoin's retreat is still continuing.
“The pace of net inflows into spot Bitcoin ETFs has slowed markedly, with significant outflows seen over the past week. As we get closer to the halving event (which takes place in April), this profit-taking activity is likely to continue," strategists said.
According to Coindesk data, updated at 12:30 on March 22 (Vietnam time), Bitcoin price traded at 66,089.05 USD, down slightly by 0.09% in the past 24 hours.
The liquidity of the cryptocurrency with the largest market capitalization is at 81.05 billion USD, down 34.86% compared to March 21. Bitcoin's market capitalization reached 1,300 billion USD, accounting for 50.76% of the total capitalization of the cryptocurrency market.
The entire market capitalization recorded at 12:30 was 2,568.04 billion USD, an increase of 0.5% compared to 24 hours ago. The 24-hour trading volume on the market decreased by 29.59%, reaching 96.54 billion USD.
In the first 3 months of the year, Bitcoin recorded a strong growth momentum of 56% in value after the US Securities and Exchange Commission (SEC) approved Bitcoin ETFs, giving investors a new opportunity. to indirectly experiment with cryptocurrency without having to directly purchase and deposit Bitcoin.
