Bitcoin ETF Market Update: $369M Outflows, One Big Gainer Stands Out

News

Bitcoin ETFs Surge to $20 Billion in Assets, Outpacing Gold ETFs in Growth

  • Bitcoin ETFs recorded a net outflow of $369.36M, pushing total net inflows to $36.18B.
  • Fidelity’s FBTC and Ark’s ARKB saw $154.89M and $160.03M outflows, respectively.
  • VanEck’s HODL ETF led inflows, gaining $619.55M and boosting net assets to $1.23B.

In a recent SoSoValue market data update on Bitcoin ETFs tracking the inflows, outflows, total net assets, and trading volumes as of March 7. The total daily net inflow stood at -$369.36 million, reflecting an overall outflow. The cumulative total net inflow reached $36.18 billion. The total value traded for the day amounted to $3.97 billion, while total net assets were $99.29 billion, representing 5.69% of Bitcoin’s market capitalization.

FBTC Loses $154.89M, ARKB Down $160.03M as HODL Gains $619.55M

According to the update, among the top ETFs, Fidelity’s FBTC reported a daily net outflow of $154.89 million, reducing its net assets to $17.36 billion. Grayscale’s GBTC recorded an outflow of $36.46 million, with net assets standing at $16.95 billion. ARKB from Ark & 21Shares experienced a $160.03 million outflow, bringing its net assets to $4.13 billion.

Source: SoSoValue

Grayscale’s BTC ETF did not record any net inflow or outflow but maintained $3.50 billion in net assets. Bitwise’s BITB saw an $18.60 million outflow, leaving its net assets at $3.37 billion. VanEck’s HODL ETF reported a significant inflow of $619.55 million, raising its net assets to $1.23 billion. Valkyrie’s BRRR ETF did not register inflows or outflows and retained $574.45 million in net assets.

BTCO, EZBC, BTCW Hold Steady as DEFI Gains $1.16M

Invesco’s BTCO remained unchanged in inflows, maintaining net assets of $521.77 million. Franklin’s EZBC ETF also recorded no inflows or outflows, keeping net assets at $500.16 million. WisdomTree’s BTCW ETF did not show new inflows, holding $241.64 million in net assets. Hashdex’s DEFI ETF reported a minor inflow of $1.16 million, pushing its net assets to $13.81 million.

ETF discounts and premiums varied, with FBTC trading at a -0.70% discount, GBTC at -0.01%, and ARKB at -0.64%. BTC from Grayscale showed a slight 0.02% premium. Bitwise’s BITB had a -0.78% discount, while VanEck’s HODL ETF traded at a -0.73% discount. Valkyrie’s BRRR ETF traded at a -0.86% discount, with BTCO at 0.00%. Franklin’s EZBC ETF showed a -0.82% discount, BTCW at -0.87%, and DEFI at a 0.38% premium.

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