The ETF’s record outflow day came as Bitcoin hit a U.S. trading day low of nearly $62,000 as it continues to slide after hitting a high last week.
United States spot Bitcoin (BTC) exchange-traded funds (ETFs) have witnessed their largest day of joint outflows on record, with a total of $326 million being shed from the ten funds on March 19.
As of March 19, Grayscale reported that GBTC had over $23.7 billion in assets under management. If its outflows continue at the current rate, it could be out of assets by as soon as late July.
Grayscale’s Bitcoin Trust (GBTC) saw $443.5 million net outflows on the day, with BlackRock, Fidelity and Bitwise’s ETFs being the only funds to post net inflows, according to Farside Investors data.
