---
title: "Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled"
url: https://diffcoin.com/spot-bitcoin-etfs-suffer-third-straight-day-of-net-outflows-261m-bled/
description: "United States spot Bitcoin (BTC) exchange-traded funds (ETFs) have now marked their third straight day of total net outflows, with $261.5 million leaving…"
published: 2024-03-21
updated: 2024-03-21
author: "Mila"
site: "Diffcoin"
---

# Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled

United States spot Bitcoin (BTC) exchange-traded funds (ETFs) have now marked their third straight day of total net outflows, with $261.5 million leaving the ten approved funds on March 20.

It brings three-day net outflows to $742 million as March 18 and 19 saw respective net outflows of $154.3 million and $326.2 million, per Farside Investors data.

The outflow was due mainly to another solid day of outflow from the Grayscale Bitcoin Trust (GBTC), which bled $386.6 million, while Invesco Galaxy Bitcoin ETF (BTCO) also saw $10.2 million exit the fund. Both came to eclipse the trickle of inflows from the eight other approved ETFs.

BlackRock’s iShares Bitcoin Trust (IBIT) had its second-lowest-ever net inflow day at $49.3 million — just $4 million more than its daily low of Feb. 6, and the Fidelity Wise Origin Bitcoin Fund (FBTC) similarly had a runner-up low inflow day at $12.9 million.

*Flows for all 10 U.S. spot Bitcoin ETFs, green row highlights March 20. Source: Farside Investors*

It’s the second-highest net outflow day for the ten ETFs, beaten only by $326.2 million that left the funds on March 19.

***Related:*** ***Bitcoin bull cycle is ‘far from over’ thanks to the halving — CryptoQuant research***

Meanwhile, Bitcoin gained over 3% during U.S. trading hours and has seen a 7.5% gain over 24 hours to trade at $66,838, according to Cointelegraph Markets Pro.

*Bitcoin’s 24-hour price in UTC hit an intraday bottom of just below $60,900. Source: Cointelegraph Markets Pro*

Over the previous week, BTC has slid from its March 14 record high as the countdown to the blockchain’s halving — where mining rewards are cut 50% — enters into its final month.

Historically, BTC has fallen in the lead-up to the halving, and it has followed a similar pattern this time around as the event enters into the final 30 days, per CoinMarketCap data.

***Magazine:*** ***The Bitcoin Man, X Hall of Flame: China will intensify Bitcoin bull run, $1M by 2028***

[Source link](https://cointelegraph.com/news/bitcoin-etfs-post-third-outflow-day-261-million)