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Bitcoin ETF sees net outflows again, IBIT assets exceed $10 billion surpassing Silver ETF

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Bitcoin ETF sees net outflows again, IBIT assets exceed $10 billion surpassing Silver ETF

Since the launch of the Bitcoin spot ETF, Bitcoin's market seems to be concentrated from Monday to Friday. Bloomberg ETF analyst Eric Balchunas also commented: ETF gives Bitcoin users their weekends back. Enjoy it! As we start a new week today, let's take a look back at the data from last Friday!

Bitcoin Spot ETF Sees Net Outflow of $140 Million, Related to Grayscale Dumping

According to Bloomberg ETF analyst James Seyffart's latest statistics, the Bitcoin spot ETF saw a net outflow of $140 million on Friday, March 1st, while Grayscale's GBTC saw an outflow of $492 million. He believes this is related to the resolution of the Genesis and Gemini bankruptcy cases, which has led to dumping.

Grayscale GBTC Rings NYSE Bell in Celebration

Last Friday, Grayscale also celebrated the listing of GBTC on the NYSE, hanging large banners on Wall Street; Grayscale CEO Michael Sonnenshein stated that today's bell-ringing ceremony has been a decade in the making. In addition to thanking investors, partners, and the crypto community, he also mentioned that this is just the beginning for the Grayscale team.

The tradition of ringing the bell to open and close trading on the New York Stock Exchange, including the NYSE and NASDAQ, has a history of over a century. Being invited to participate in the bell-ringing ceremony is not only a symbol of business success but also increases exposure. According to a report by Central News Agency, in July last year, Chunghwa Telecom was invited to ring the closing bell at the NYSE to celebrate its 20th anniversary of listing in the U.S., led by Chairman Shui-Yi Kuo.

IBIT Assets Surpass $100 Million, Overtaking Silver ETF

As of March 1st, the total assets of the Bitcoin spot ETF have reached $47.9 billion, with BlackRock's IBIT surpassing $10 billion. According to statistics from HODL15Capital, IBIT has surpassed the largest silver ETF SLV, ranking third among commodity ETFs, while Fidelity's FBTC, Ark's ARKB, and Bitwise's BITB rank fifth, ninth, and eleventh, respectively.