Almost all of the United States saw funds exchanged by the Bitcoin (ETF) exchange had a net negative presentation in March as analysts hoped that a bearish bitcoin was up to 12 months.
Farside Investors Data shown That place struck Bitcoin’s ETFs in March, with net outflows exceeding their monthly net flow. The Asset Manager Blackrock’s Ishares Bitcoin Trust ETF (IBIT) suffered the most, with flows of up to $ 552 million and just a $ 84.6 million.
According to data, Fidelity’s smart source of Bitcoin Fund (FBTC) found more than $ 517 million and had only $ 136.5. Data also showed that the Grayscale’s Bitcoin Trust ETF (GBTC) had over $ 200 million and had zero inflows.
However, Grayscale’s Bitcoin Mini Trust ETF (BTC) is the only one who has disobeyed the trend, with zero net outflows for March and over $ 55 million in net inflows.
Spot bitcoin ETF flows to millions. Source: Farside Investor
The US Bitcoin ETF area had streams of more than $ 1.6 billion in March
Generally, the Bitcoin ETFs spots combined with more than $ 1.6 billion in the first 17 days of March and recorded only $ 351 million in flows. This is not enough to offset the losses, bringing the net outflow to nearly $ 1.3 billion.
Meanwhile, Ether -based investment products don’t do better. The Blackrock’s Ishares Ethereum Trust ETF (ETF) has the most flow, reaching $ 126 million, but it has not recorded any monthly flow. The Fidelity’s Ethereum Fund (Feth) recorded the flowers of nearly $ 73 million but only $ 21 million.
The Ether ETF has negative results throughout March, except March 4, when $ 14 million reached. However, the ETF ETF spot did not perform well in the rest of March, with over $ 300 million in total flows.
Spot ether ETF flows to millions. Source: Farside Investor
Related: Yuga Exec warns about ‘True Bear Market’ Ether Price as Whales Scrambles
Cryptoquant CEO said the BTC Bull Cycle has ended
The performance of crypto exchange products comes as a sentiment for Bitcoin and the crypto market turn bearish.
On March 18, Cryptoquant and CEO founder Ki Young Ju said the “Bitcoin Bull Cycle is over.” The executive Expected up to one year of bearish or sideways price action. Ju argued that onchain metrics indicate a bear market. The Executive said the new whales sell low as the liquidity is drowning.
https://www.youtube.com/watch?v=1iyxu9W47to
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