{"id":601160,"date":"2024-04-03T12:00:43","date_gmt":"2024-04-03T12:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=601160"},"modified":"2024-06-11T07:56:43","modified_gmt":"2024-06-11T07:56:43","slug":"bitcoin-etf-outflows-btc-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-etf-outflows-btc-price\/","title":{"rendered":"Bitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price?"},"content":{"rendered":"

Bitcoin ETF outflows are on the rise once again after a change in the tide last week. These outflows, given the ETFs<\/a>\u2019 correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time. So, as outflows are ramping up, will it trigger a crash in the BTC price?<\/p>\n

ARK Invest And Grayscale Lead Outflows<\/h2>\n

While Grayscale\u2019s Spot Bitcoin ETF has been the natural culprit for ETF outflows<\/a> due to its high fees, another fund has joined<\/a> the trend in a surprising turn of events. Cathie Wood\u2019s ARK Invest saw a substantial outflow from its ETF, leading to a new record for the investment firm.<\/p>\n

Related Reading: Solana Whales Are Making Moves \u2013 Here\u2019s The Direction They\u2019re Headed In<\/a><\/div>\n

The Ark 21Shares Fund (ARKB) saw a record $87.5 million leave its fund on Tuesday, April 2. Interestingly, the fund\u2019s outflows were even higher than that of Grayscale<\/a>, which saw around $81.9 million in outflows in the same day.<\/p>\n

For both these funds, it marked the second consecutive day of outflows, although it was more concerning on the part of the Ark 21Shares Fund. This is because Grayscale saw a decline in outflows between Monday and Tuesday, going from $302.6 million to $81.9 million. Whereas the ARK Invest fund saw outflows go from $0.3 million on Monday to $87.5 million on Tuesday, resulting in a 29,000% increase in outflows in a single day.<\/p>\n

Only these two funds have experienced outflows this week though, as the other ETFs continue to see upside<\/a>. While Monday\u2019s net flows ended up being negative to the tune of $85.7 million, Tuesday\u2019s numbers looked better with positive net flows of $40.3 million.<\/p>\n

How Will This Affect Bitcoin Price?<\/h2>\n

Since the Spot Bitcoin ETFs<\/a> were approved in January, their effect on the Bitcoin price has been positive overall. However, there have been points where outflows from the funds have affected the BTC price, causing it to crash.<\/p>\n

Related Reading: Dogecoin Hits Major Roadblock As Whales Go On Massive Selling Spree<\/a><\/div>\n

A few instances of this is back in January, a week after the ETFs<\/a> were first approved. Outflows had plagued the funds and the Bitcoin price had declined as a result. Then again, in March, when outflows turned negative between March 18 and March 22 and the Bitcoin price crashed from $73,000 to $61,000.<\/p>\n

Given BTC\u2019s performance during periods where outflows prevail in Spot ETFs, this current trend does not bode well for the price. There has been a recovery in the BTC price<\/a> after inflows turned positive on Tuesday. But unless they stay positive through the end of the week, the BTC price<\/a> could see further crashes toward the $60,000 level.<\/p>\n

\"Bitcoin<\/p>\n

BTC price recovers above $66,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Business News This Week, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin ETF outflows are on the rise once again after a change in the tide last week. These outflows, given the ETFs\u2019 correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time. So, as outflows are ramping up, will it trigger a crash in the BTC price? ARK Invest And Grayscale Lead Outflows While Grayscale\u2019s Spot Bitcoin ETF has been the natural culprit for ETF outflows due to its high fees, another fund has joined the trend in a surprising turn of events. Cathie Wood\u2019s ARK Invest saw a substantial outflow from its ETF, leading to a new record for the investment firm. Related Reading: Solana Whales Are Making Moves \u2013 Here\u2019s The Direction They\u2019re Headed In The Ark 21Shares Fund (ARKB) saw a record $87.5 million leave its fund on Tuesday, April 2. Interestingly, the fund\u2019s outflows were even higher than that of Grayscale, which saw around $81.9 million in outflows in the same day. For both these funds, it marked the second consecutive day of outflows, although it was more concerning on the part of the Ark 21Shares Fund. This is because Grayscale saw a decline in outflows between Monday and Tuesday, going from $302.6 million to $81.9 million. Whereas the ARK Invest fund saw outflows go from $0.3 million on Monday to $87.5 million on Tuesday, resulting in a 29,000% increase in outflows in a single day. Only these two funds have experienced outflows this week though, as the other ETFs continue to see upside. While Monday\u2019s net flows ended up being negative to the tune of $85.7 million, Tuesday\u2019s numbers looked better with positive net flows of $40.3 million. How Will This Affect Bitcoin Price? Since the Spot Bitcoin ETFs were approved in January, their effect on the Bitcoin price has been positive overall. However, there have been points where outflows from the funds have affected the BTC price, causing it to crash. Related Reading: Dogecoin Hits Major Roadblock As Whales Go On Massive Selling Spree A few instances of this is back in January, a week after the ETFs were first approved. Outflows had plagued the funds and the Bitcoin price had declined as a result. Then again, in March, when outflows turned negative between March 18 and March 22 and the Bitcoin price crashed from $73,000 to $61,000. Given BTC\u2019s performance during periods where outflows prevail in Spot ETFs, this current trend does not bode well for the price. There has been a recovery in the BTC price after inflows turned positive on Tuesday. But unless they stay positive through the end of the week, the BTC price could see further crashes toward the $60,000 level. BTC price recovers above $66,000 | Source: BTCUSD on Tradingview.com Featured image from Business News This Week, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":601174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,532,656,679,1119,89185,1122,1144,78790,1944,89193],"class_list":["post-601160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-etf","tag-etf-news"],"acf":[],"yoast_head":"\nBitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price?<\/title>\n<meta name=\"description\" content=\"Bitcoin ETF outflows are on the rise once again after a change in the tide 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price?","url":"http:\/\/wncen.com\/news\/bitcoin-etf-outflows-btc-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-etf-outflows-btc-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin-price.jpeg?resize=200%2C183","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin-price.jpeg?fit=275%2C183"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin etf","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","etf","etf news"],"dateCreated":"2024-04-03T12:00:43Z","datePublished":"2024-04-03T12:00:43Z","dateModified":"2024-06-11T07:56:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-etf-outflows-btc-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-etf-outflows-btc-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin-price.jpeg?resize=200%2C183\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin-price.jpeg?fit=275%2C183\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin etf\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"etf\",\"etf news\"],\"dateCreated\":\"2024-04-03T12:00:43Z\",\"datePublished\":\"2024-04-03T12:00:43Z\",\"dateModified\":\"2024-06-11T07:56:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin-price.jpeg?fit=275%2C183","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601160"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=601160"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/601174"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=601160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=601160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=601160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}