{"id":599158,"date":"2024-03-22T08:15:04","date_gmt":"2024-03-22T08:15:04","guid":{"rendered":"https:\/\/uniquehot.com\/?p=599158"},"modified":"2024-06-11T08:08:22","modified_gmt":"2024-06-11T08:08:22","slug":"bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/","title":{"rendered":"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak"},"content":{"rendered":"

Despite a continuous four-day streak of net outflows from Bitcoin spot exchange-traded funds (ETFs) totaling $93.85 million, the Bitcoin price has impressively climbed to reclaim the $66,000 mark. According to data from Farside Investors, Grayscale ETF GBTC experienced a significant outflow yesterday, with a single-day net outflow of $358 million, culminating in a historical net outflow of $13.63 billion for GBTC alone.<\/p>\n

In stark contrast, the BlackRock Bitcoin spot ETF (IBIT) witnessed a considerable net inflow of $233 million yesterday, raising IBIT’s total net inflow to $13.32 billion. This is slightly below the average for BlackRock<\/a>, which has seen $271.9 million in inflows since its launch on January 11.<\/p>\n

Other ETFs have not fared as well in recent days. Fidelity’s FBTC, the second-largest ETF, has thus far achieved an average daily inflow of $141.5 million, but experienced a disappointing $2.5 million in inflows yesterday.<\/p>\n

Related Reading: Beyond Bitcoin ETFs: \u2018There Are Other Players Controlling This Market\u2019 \u2013 Says Analyst<\/a><\/div>\n

The third-largest, Ark Invest’s spot Bitcoin ETF, has seen average inflows of $40.9 million to date, with yesterday’s inflows at just $2.0 million. Bitwise’s BITB, ranking fourth, has accumulated $30.7 million on average, with a modest $12 million in inflows yesterday.<\/p>\n

Across the board, all spot Bitcoin ETFs, including GBTC, have recorded an average of approximately $230 million in daily inflows since January 11.<\/p>\n

\"Bitcoin
Bitcoin ETF flows | Source: X @WhalePanda<\/figcaption><\/figure>\n

Bitcoin Price Stagnates: Reason To Worry?<\/h2>\n

CryptoQuant CEO Ki Young Ju provided<\/a> insights on the situation via X, stating, “Bitcoin spot ETF netflows are slowing. Demand may rebound if the BTC price approaches critical support levels. New whales, mainly ETF buyers, have a $56K on-chain cost basis. Corrections typically entail a max drawdown of around 30% in bull markets, with a max pain of $51K.”<\/p>\n

Crypto analyst WhalePanda highlighted<\/a> the trend, noting, “Yesterday’s ETF flows: Another negative day, that’s 4 in a row […] Honestly surprised by how big the outflows are from GBTC. Another $358.8 million and that makes a total of $1.83 billion in just 4 days.” WhalePanda also touched on Genesis’ role<\/a>, suggesting the company’s \u201cin-kind\u201d sale of GBTC shares for BTC might explain the large outflows without corresponding market dumps.<\/p>\n

Related Reading: Bitcoin Surging But Likely To Consolidate Before Breaking $74,000: Analyst<\/a><\/div>\n

Thomas Fahrer, founder of Apollo, offered<\/a> a bullish perspective, “I know it is forbidden to post anything bullish on #Bitcoin ETFs right now, but I’m gonna do it anyway. GBTC selling is temporary. Financial advisors and institutions have barely begun buying. $100 BILLION inflows are coming next 1-2 years. Patience.”<\/p>\n

Charles Edwards, founder of Capriole Investments, commented<\/a> on the Grayscale situation, “Grayscale Bitcoin ETF holdings falling off a cliff. Down 50%, or about $20B at current BTC price. We must be days\/weeks away from them slashing fees to stop the bleeding. Blackrock holdings expected to overtake Grayscale before the Halving<\/a>!”<\/p>\n

Although the last few days have been rather disappointing, it is worth noting that the outflows are coming (almost) exclusively from Grayscale’s GBTC<\/a>, while other investors are holding on tight to their Bitcoin investments. This means that it is only a matter of time before Grayscale’s outflows stop, and even small inflows from the other ETFs make a big impact (without the outflows).<\/p>\n

At press time, BTC traded $66,203.<\/p>\n

\"Bitcoin
Bitcoin price, 4-hour chart | Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL\u00b7E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite a continuous four-day streak of net outflows from Bitcoin spot exchange-traded funds (ETFs) totaling $93.85 million, the Bitcoin price has impressively climbed to reclaim the $66,000 mark. According to data from Farside Investors, Grayscale ETF GBTC experienced a significant outflow yesterday, with a single-day net outflow of $358 million, culminating in a historical net outflow of $13.63 billion for GBTC alone. In stark contrast, the BlackRock Bitcoin spot ETF (IBIT) witnessed a considerable net inflow of $233 million yesterday, raising IBIT’s total net inflow to $13.32 billion. This is slightly below the average for BlackRock, which has seen $271.9 million in inflows since its launch on January 11. Other ETFs have not fared as well in recent days. Fidelity’s FBTC, the second-largest ETF, has thus far achieved an average daily inflow of $141.5 million, but experienced a disappointing $2.5 million in inflows yesterday. Related Reading: Beyond Bitcoin ETFs: \u2018There Are Other Players Controlling This Market\u2019 \u2013 Says Analyst The third-largest, Ark Invest’s spot Bitcoin ETF, has seen average inflows of $40.9 million to date, with yesterday’s inflows at just $2.0 million. Bitwise’s BITB, ranking fourth, has accumulated $30.7 million on average, with a modest $12 million in inflows yesterday. Across the board, all spot Bitcoin ETFs, including GBTC, have recorded an average of approximately $230 million in daily inflows since January 11. Bitcoin Price Stagnates: Reason To Worry? CryptoQuant CEO Ki Young Ju provided insights on the situation via X, stating, “Bitcoin spot ETF netflows are slowing. Demand may rebound if the BTC price approaches critical support levels. New whales, mainly ETF buyers, have a $56K on-chain cost basis. Corrections typically entail a max drawdown of around 30% in bull markets, with a max pain of $51K.” Crypto analyst WhalePanda highlighted the trend, noting, “Yesterday’s ETF flows: Another negative day, that’s 4 in a row […] Honestly surprised by how big the outflows are from GBTC. Another $358.8 million and that makes a total of $1.83 billion in just 4 days.” WhalePanda also touched on Genesis’ role, suggesting the company’s \u201cin-kind\u201d sale of GBTC shares for BTC might explain the large outflows without corresponding market dumps. Related Reading: Bitcoin Surging But Likely To Consolidate Before Breaking $74,000: Analyst Thomas Fahrer, founder of Apollo, offered a bullish perspective, “I know it is forbidden to post anything bullish on #Bitcoin ETFs right now, but I’m gonna do it anyway. GBTC selling is temporary. Financial advisors and institutions have barely begun buying. $100 BILLION inflows are coming next 1-2 years. Patience.” Charles Edwards, founder of Capriole Investments, commented on the Grayscale situation, “Grayscale Bitcoin ETF holdings falling off a cliff. Down 50%, or about $20B at current BTC price. We must be days\/weeks away from them slashing fees to stop the bleeding. Blackrock holdings expected to overtake Grayscale before the Halving!” Although the last few days have been rather disappointing, it is worth noting that the outflows are coming (almost) exclusively from Grayscale’s GBTC, while other investors are holding on tight to their Bitcoin investments. This means that it is only a matter of time before Grayscale’s outflows stop, and even small inflows from the other ETFs make a big impact (without the outflows). At press time, BTC traded $66,203. Featured image created with DALL\u00b7E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":599161,"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":[428,9960,656,679,1119,1122,84647],"class_list":["post-599158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etfs","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-price","tag-spot-bitcoin-etf"],"acf":[],"yoast_head":"\nBitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak<\/title>\n<meta name=\"description\" content=\"Despite a continuous four-day streak of net outflows from Bitcoin ETF, the BTC price has impressively climbed to reclaim the $66,000 mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak\" \/>\n<meta property=\"og:description\" content=\"Despite a continuous four-day streak of net outflows from Bitcoin ETF, the BTC price has impressively climbed to reclaim the $66,000 mark.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-22T08:15:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:08:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak\",\"datePublished\":\"2024-03-22T08:15:04+00:00\",\"dateModified\":\"2024-06-11T08:08:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\"},\"wordCount\":570,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin ETFs\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"btc price\",\"Spot Bitcoin ETF\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\",\"name\":\"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024\",\"datePublished\":\"2024-03-22T08:15:04+00:00\",\"dateModified\":\"2024-06-11T08:08:22+00:00\",\"description\":\"Despite a continuous four-day streak of net outflows from Bitcoin ETF, the BTC price has impressively climbed to reclaim the $66,000 mark.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin price ETF news\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/uniquehot.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak","description":"Despite a continuous four-day streak of net outflows from Bitcoin ETF, the BTC price has impressively climbed to reclaim the $66,000 mark.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak","og_description":"Despite a continuous four-day streak of net outflows from Bitcoin ETF, the BTC price has impressively climbed to reclaim the $66,000 mark.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-03-22T08:15:04+00:00","article_modified_time":"2024-06-11T08:08:22+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak","datePublished":"2024-03-22T08:15:04+00:00","dateModified":"2024-06-11T08:08:22+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/"},"wordCount":570,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024","keywords":["bitcoin","Bitcoin ETFs","Bitcoin news","bitcoin price","btc","btc price","Spot Bitcoin ETF"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/","name":"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024","datePublished":"2024-03-22T08:15:04+00:00","dateModified":"2024-06-11T08:08:22+00:00","description":"Despite a continuous four-day streak of net outflows from Bitcoin ETF, the BTC price has impressively climbed to reclaim the $66,000 mark.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin price ETF news"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin etfs","bitcoin news","bitcoin price","btc","btc price","spot bitcoin etf"],"dateCreated":"2024-03-22T08:15:04Z","datePublished":"2024-03-22T08:15:04Z","dateModified":"2024-06-11T08:08:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/DALL\\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/DALL\\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin etfs\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc price\",\"spot bitcoin etf\"],\"dateCreated\":\"2024-03-22T08:15:04Z\",\"datePublished\":\"2024-03-22T08:15:04Z\",\"dateModified\":\"2024-06-11T08:08:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-22-09.04.35-A-sleek-modern-wide-format-image-showcasing-a-visually-striking-representation-of-Bitcoin-against-a-backdrop-of-financial-charts-and-graphs-indica.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/599158"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=599158"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/599158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/599161"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=599158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=599158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=599158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}