TechFlow reported, according to SoSoValue data, yesterday (March 1, Eastern Time) spot Bitcoin ETFs saw a total net outflow of $139 million, marking the first single-day net outflow in seven trading days.
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Yesterday, Grayscale's ETF GBTC experienced a single-day net outflow of $492 million;
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The spot Bitcoin ETF with the largest single-day net inflow was BlackRock's IBIT, recording a net inflow of $202 million. The historical cumulative net inflow for IBIT has now reached $7.96 billion;
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Second was Ark Invest and 21Shares' ETF ARKB, with a daily net inflow of approximately $55.07 million. The historical cumulative net inflow for ARKB now stands at $1.63 billion;
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Fidelity's ETF FBTC also saw a daily net inflow of approximately $49.28 million, bringing its historical cumulative net inflow to $4.82 billion.
At the time of reporting, the total net asset value of spot Bitcoin ETFs stood at $48.22 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market cap) reaching 3.91%. The historical cumulative net inflow has reached $7.35 billion.
Regarding today's ETF outflows, Bloomberg ETF analyst James Seyffart stated that spot Bitcoin ETFs are seeing nearly $140 million in outflows today, and this significant daily outflow is certainly related to the Genesis and Gemini bankruptcy settlement developments.
