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Bitcoin ETF trading volume surpassed $100 billion in March, with GBTC seeing net outflows for the first time.

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Bitcoin ETF trading volume surpassed $100 billion in March, with GBTC seeing net outflows for the first time.

The trading volume of Bitcoin spot ETF reached $111 billion in March, about three times the volume of January and February combined; meanwhile, ARKB saw net outflows exceeding GBTC for the first time and experienced two consecutive days of net outflows.

Bitcoin ETF Sees Net Outflows Again

Farside Investors data shows that after experiencing a single-day net outflow of -85.7 million USD, Bitcoin spot ETF saw a net inflow of 40.3 million USD on April 2nd.

GBTC only saw outflows in the tens of millions of USD, but notably, ARKB had a larger net outflow than GBTC, marking ARKB's first consecutive two-day net outflow.

Here are the ETF data rankings from highest to lowest:

  • ARKB: -87.5 million USD

  • Grayscale GBTC: -81.9 million USD

  • BlackRock IBIT: 150.5 million USD

  • Fidelity FBTC: 44.8 million USD

The net inflows of other ETFs did not exceed tens of millions of USD.

Bitcoin ETF March Trading Volume Surpasses January and February Combined

Bloomberg ETF analyst Eric Balchunas pointed out that the trading volume of Bitcoin spot ETF in March reached 111 billion USD, about three times the volume of January and February combined, which makes him more optimistic about April's performance.

In addition, data compiled by another Bloomberg analyst, James Seyffart, shows that BlackRock IBIT's trading volume steadily increased in March.

Eric Balchunas believes that BlackRock IBIT has officially taken over the trading volume leadership from GBTC and has become the $GLD of the Bitcoin ETF world, the world's largest gold ETF.