Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Spot Bitcoin ETFs in the U.S. have continued to see net inflows, despite a challenging pre-halving week.</li>
 <li>Fidelity Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF, and iShares Bitcoin Trust recorded the highest single-day net inflows.</li>
</ul>
<p>Spot exchange-traded funds (ETFs) for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> in the United States have maintained a steady inflow. This follows a tough week leading up to the halving of Bitcoin’s block rewards.</p>
<h2 id="etf-inflows">ETF Inflows</h2>
<p>On Monday, these ETFs recorded another day of net inflows. The total net inflow for Bitcoin ETFs was slightly over $62 million. The most substantial single-day net inflow went to the Fidelity Wise Origin Bitcoin Fund, which received $34.83 million, as per SoSoValue data.</p>
<p>ARK 21Shares Bitcoin ETF and iShares Bitcoin Trust also saw significant net inflows. They recorded more than $22.5 million and $19.65 million, respectively.</p>
<h2 id="outflows-and-cumulative-inflows">Outflows and Cumulative Inflows</h2>
<p>In contrast, the Grayscale Bitcoin Trust saw the day’s most significant net outflow. This outflow, nearing $35 million, surpassed the net inflows of all other ETFs.</p>
<p>Since their introduction, U.S. Bitcoin ETFs have seen a cumulative net inflow of $12.38 billion. Moreover, the cumulative volumes of these ETFs exceeded $226 billion at the end of last week.</p>
<p>In related developments, BlackRock’s IBIT recorded inflows for the 70th consecutive day on Monday. This streak places the ETF among the top 10 ETFs with the longest run of daily inflows.</p>
<p>IBIT’s market share among Bitcoin ETFs was close to 54% last week. The price of Bitcoin, the underlying asset for these ETFs, is currently just above $66,200.</p>

Bitcoin ETFs see sustained inflows despite shaky pre-halving week

Indice dei contenuti

crypto.ro global

Altri articoli pubblicati su 23 apr 2024

Shiba Inu Coin Price: Will Shibdentity Drive SHIB’s Price to $1?

Spotify Reports 20% Y/Y Revenue Growth in Q1 2024

Crypto News: Fezoo Exchange Presale Attracts Interest from Litecoin & Terra Investors Amid Ethere...

Stage 6 Pushd Presale Offers Stability as TRX and DOGE Investors Face Market Shifts

Bitcoin Price Prediction 2024: Will Bitcoin Crash to $30,000?

Binance Introduces Spot Copy Trading, Offers Automated Trading Advantages

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!