Spot Bitcoin ETFs saw a net outflow of $225 million yesterday

Bitcoin ETFs See $225M in Outflows, IBIT Leads the Way

It was a big outflow day for US bitcoin spot ETFs. According to SoSoValue, total net outflows hit roughly $225 million on Thursday, March 27th (Eastern Time).

BlackRock's IBIT took the biggest hit, with about $202 million leaving the fund. Even so, its lifetime net inflows remain massive at $63.10 billion. Bitwise's BITB followed, shedding roughly $18.6 million. Its total net inflows since launch now sit at $2.07 billion.

Zooming out, total net assets held by bitcoin spot ETFs currently stand at $84.77 billion. That's about 6.42% of bitcoin's total market cap. Cumulative net inflows have now reached $55.94 billion.