As of March 20, net fund inflows into US Spot Bitcoin ETFs have suffered losses for the third consecutive day, rising to $261.5 million.
This brings the three-day outflow total to $742 million, according to data from Farside Investors.
Most of the outflows were due to the Grayscale Bitcoin Trust (GBTC), which saw $386.6 million leave the fund. In addition, the Invesco Galaxy Bitcoin ETF (BTCO) experienced a net outflow of $10.2 million, both outpacing the minimal inflows of the other eight approved ETFs.
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On the other hand, the iShares Bitcoin Trust (IBIT), which is managed by BlackRock, experienced a meager inflow of $49.3 million, its second-lowest daily inflow since inception, just $4 million above its all-time low on February 6.
The Fidelity Wise Origin Bitcoin Fund (FBTC) also saw a relatively low inflow of $12.9 million.