Bitcoin ETF sees three consecutive days of net outflows, Bitcoin surpasses $66K, meme coins rebound by 20%

Bitcoin spot ETF has seen net outflows for three consecutive days, but the outflows have slightly decreased compared to the 19th.

Bitcoin ETF outflows for two consecutive days, BTC falls below 61K, marking the largest single-day decline since the FTX incident

Bitcoin Spot ETF Sees Outflows for Third Consecutive Day

Farside Investors data shows that the total net outflow of the Bitcoin Spot ETF on March 20th was -$261 million, with GBTC contributing -$386 million.

The total net outflows for the previous two days were $154 million and $326 million, respectively.

The ETFs from various issuers all experienced net inflows but did not reach the billion dollar level. The data is as follows:

• Grayscale GBTC: -$386 million

• Invesco BTCO: -$10.2 million

• Blackrock IBIT: $49.3 million

• Ark ARKB: $23.3 million

• Franklin EZBC: $19 million

• Bitwise BITB: $18.6 million

• Fidelity FBTC: $12.9 million

• Vaneck HODL: $9.3 million

• Valkyrie BRRR: $2.9 million

Mainstream Coins Rebound, Meme Coins Rally

Despite the outflows in Bitcoin ETFs, the market saw a significant boost on March 21st following the Federal Reserve's announcement to maintain interest rates, increasing confidence in a rate cut in June, resulting in a rise in both the stock market and cryptocurrency prices.

Bitcoin returned to the $66,000 level, while Ethereum reclaimed $3,400.

The meme coins that experienced significant rebounds in the past few days include:

• Dogecoin DOGE: 17.85%

• Shiba Inu SHIB: 9.51%

• Pepe PEPE: 21.27%

• dogwifhat WIF: 16.57%

• FLOKI: 41.5%

• Bonk BONK: 11.13%

The emerging meme coins BOME -1.79% and SLERF 2.3% did not show signs of recovery.

Federal Reserve's decision to maintain interest rates boosts optimism for a three-digit rate cut this year, driving up stock and coin prices simultaneously