Bitcoin plunges sharply! ETF net inflows on 3/14 were only 130 million baht, while Bitcoin experienced a significant pullback during the same period.
Bitcoin has seen a significant decline starting from March 14th, Taiwan time, dropping from the 73K level to 71K, and further decreasing to 66-67K the following day, marking a 9% decrease over the past 24 hours. The release of asset data for the U.S. Bitcoin spot ETF on March 14th may once again confirm the impact of Bitcoin ETF fund dynamics on the market.
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3/14 Net Inflow Only 130 Million Yuan
According to data compiled by BitMEX Research, the overall net inflow of ETFs on 3/14 was only 130 million yuan, hitting a low for the past eight days. GBTC saw a net outflow of approximately 257 million US dollars, while IBIT's net inflow decreased to 345 million US dollars, a significant drop from nearly 600 million US dollars the previous day; Fidelity's FBTC plummeted to 13 million US dollars, significantly less than the 281 million US dollars from the day before.
