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Grayscale’s outflows slowed to $367.95 million on March 4

Grayscale’s outflows slowed to $367.95 million on March 4

CointimeCointime2024/03/05 12:03
By:Cointime

According to on-chain analyst Yu Jin's monitoring, Grayscale (GBTC) saw a slowdown in fund outflows last night (March 4th), with a total of $367.95 million. In addition, iBit (IBIT) and Fidelity (FBTC) have made a move, with both seeing inflows of up to $824.69 million, resulting in a net inflow of $562.74 million for BTC spot ETFs on March 4th, pushing BTC prices above $68,000. On March 4th, ten BTC spot ETFs saw a net inflow of $562.74 million, corresponding to a net inflow of approximately 8,310 BTC to ETF custody addresses after the opening of the US stock market tonight (March 5th): • Outflows: Grayscale (GBTC), Jingshun (BTCO), VanEck (HODL), and WisdomTree (BTCW) saw outflows of approximately 5,947 BTC (corresponding to fund outflows of $402.61 million on March 4th); • Inflows: The remaining six ETFs saw inflows of approximately 14,257 BTC (corresponding to fund inflows of $965.35 million on March 4th), with iBit (IBIT) and Fidelity (FBTC) being the main players, with inflows of 12,180 BTC ($824.69 million). Currently, the ten BTC spot ETFs hold a total of 775,496 BTC ($52.5B).

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