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CryptoIntelligence 2024-03-16 08:00:00

Spot Bitcoin ETFs Witness Sharp Decline in Inflows, Falling 80% Amidst Crypto Market Downturn

Spot Bitcoin ETFs Witness Sharp Decline in Inflows, Falling 80% Amidst Crypto Market Downturn

Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a significant decrease in net inflows, with only $132 million recorded on March 14. This represented the lowest level of net inflows in the last eight trading sessions and a drastic 80% reduction from the $684 million recorded on March 13. The decline on March 14 followed another decrease from the previous day, contrasting sharply with the record single-day inflows of $1.05 billion seen on March 12. Despite the notable drop, the total inflow into Bitcoin ETFs was $390 million on March 14, factoring in a substantial $257 million in

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