According to SoSoValue data, Bitcoin spot ETFs had a net outflow of $261.5 million on the 20th, after a net outflow of $154.3 million on the 18th and $326.2 million on the 19th. This means that Bitcoin has experienced net outflows for the third consecutive day, with a total net outflow of $742 million.

Changes in net inflows and outflows of Bitcoin spot ETFs

The largest net outflow was from Grayscale's GBTC, which had a net outflow of $386 million on the 20th. The current historical net outflow of GBTC has reached $13.27 billion. In addition, Invesco/Galaxy's ETF also had a net outflow of $10.2 million on the 20th.

Net inflow and outflow changes of Bitcoin spot ETFs

On the 20th, the Bitcoin spot ETF with the largest single-day net inflow was BlackRock's IBIT, with a net inflow of US$49.28 million. Currently, IBIT's total net inflow has reached US$13.09 billion. The second is Ark/21Shares' ARKB, with a net inflow of approximately US$23.26 million. Currently, ARKB's total net inflow has reached US$1.99 billion.

It is worth noting that BlackRock's IBIT recorded the second lowest single-day net inflow in history, only US$4 million more than the single-day low on February 6, and Fidelity's FBTC also recorded the second lowest single-day net inflow in history, at US$12.9 million.

Currently, the total net asset value of Bitcoin spot ETFs is US$54.13 billion, the ETF net asset ratio (market value to Bitcoin's total market value) is 4.11%, and the historical cumulative net inflow has reached US$11.41 billion.

Todd Rosenbluth, head of research at market analysis firm VettaFi, previously said that funds will not continue to flow into ETFs, and it is reasonable for people to take profits after Bitcoin's strong rise.

Bitcoin rises

Although spot ETFs have experienced net outflows for three consecutive days, Bitcoin rebounded today and broke through $68,000 in one fell swoop, making up for all the losses yesterday. The reason cannot be ruled out because the Federal Reserve (Fed) announced the fifth stop to interest rate hikes at the FOMC meeting this morning, and the latest interest rate dot plot also expects that the interest rate cuts will remain unchanged for three times this year, which stimulated market sentiment.

However, the analysis agency 10X
Research issued a report on the 19th warning that it is too early to be bullish again. It is expected that Bitcoin will fall below $60,000 before a more meaningful rebound attempt will begin. Based on the previous new high signals, Bitcoin can be expected to rise to $83,000 and $102,000 in the future, but the downward target should be focused on first.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.