Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled

United States-listed spot Bitcoin ETFs have now bled around $742 million in just three trading days.

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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 ten 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.

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