United States-listed spot Bitcoin ETFs have now bled around $742 million in just three trading days.
United States spot Bitcoin (BTC) exchange-traded funds (ETFs) have now marked their third straight day of total net outflows, with $261.5 million leaving the 10 approved funds on March 20.
It brings three-day net outflows to $742 million as March 18 and 19 saw respective net outflows of $154.3 million and $326.2 million, per Farside Investors data.
The outflow was due mainly to another solid day of outflow from the Grayscale Bitcoin Trust (GBTC), which bled $386.6 million, while Invesco Galaxy Bitcoin ETF (BTCO) also saw $10.2 million exit the fund. Both came to eclipse the trickle of inflows from the eight other approved ETFs.
