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Bitcoin ETFs Experience First Net Outflows Since March 1st, The Arena Announces Airdrop Details

Mar 19, 2024
Author
Tom Couture
Tom Couture AC
Market Update Crypto markets are experiencing sharp declines, with $BTC (-4.94%) falling to $64k and $ETH (-6.01%) dropping to $3,310. Yesterday represented the first day of net outflows from Bitcoin ETFs since March 1st, with total outflows of $154.3 million. GBTC saw daily outflows of $642.5 million, setting a new daily record previously set on January 22nd. The Bank of Japan moved to end its negative interest rate regime, raising target policy rates from -0.1% to a range of 0%-0.1%, the first interest rate raise since 2007, while also abandoning its yield curve control policies. The Yen has fallen in response to the BOJ’s policy move, contributing to the DXY’s (+0.31%) move upwards. Domestic interest rates are widely expected to be held unchanged at tomorrow’s FOMC meeting, although investors may be fearful of a potentially hawkish tone from Jerome Powell when considering recent economic data. The SPY and QQQ have declined -0.11% and -0.46%, respectively in today’s trading.Source: Farside Investors, FundstratSocial Defi platform The Arena (formerly Stars Arena) has announced details surrounding its token launch. $ARENA will be an ERC-20 governance token launched on the Avalanche C-Chain. Each ARENA token will serve as one governance vote, and 69 ARENA will be distri

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