Grayscale lagged in ETF outflows for the first time since launch, with ARKB losing $87.5 million.

Grayscale Bitcoin Trust (GBTC) recorded its first low outflow since the launch of the spot Bitcoin ETF on April 2 after ARK 21Shares (ARKB) posted outflows amounting to $87.5 million, according to Coinglass data. .

In comparison, GBTC recorded $82 million, its lowest outflow since March 12. Data for other ETFs, including IBIT and FBTC, were not publicly available at press time.

GBTC leak

GBTC’s current low outflows are noteworthy as the fund continues to see high outflows.

Long-term data shows that GBTC has experienced net outflows of $15 billion since it began trading in January and is the only spot Bitcoin ETF with negative net flows.

The spot Bitcoin market has seen positive net inflows, with newborn Nine seeing total net inflows of over $12 billion since launch.

Inflows have been particularly significant over the past few days, as spot Bitcoin ETFs have seen inflows of over $800 million during the last week of March.

Bloomberg ETF analyst Eric Balchunas said spot Bitcoin ETF trading volume $111 billion March — Three times the levels recorded in January and February.

interest in bitcoin

BlackRock and Fidelity’s Bitcoin ETFs, IBIT and FBTC, have surged in popularity, garnering significant market interest within the first three months of launch.

The two ETFs outperformed hundreds of other funds offered by the two giants, with IBIT and FBTC attracting unprecedented levels of investment.

IBIT alone accounted for more than half of BlackRock’s annual net inflows, while FBTC accounted for 70% of Fidelity’s, demonstrating Bitcoin’s growing appeal among traditional investors. In particular, IBIT has grown faster than any other ETF in history.

Remarkably, both ETFs have recorded consistent cash inflows for 52 consecutive days, a rare achievement in the ETF space and indicative of solid investor confidence. This streak has made it a standout among ETFs with significant and sustained investor interest.

Contrary to the belief that ETF investors may withdraw during market downturns, recent data shows continued strategic investment in these Bitcoin ETFs despite price fluctuations, suggesting a more sophisticated and resilient investor base. This investment pattern highlights the strategic patience and confidence of ETF investors even in difficult market conditions.

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