Bitcoin ETF

Bitcoin

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>US spot bitcoin ETFs experienced net outflows, primarily due to Grayscale’s GBTC ETF’s $303 million outflow.</li>
 <li>Despite this, Bitwise Bitcoin ETF and BlackRock’s iShares Bitcoin Trust saw net inflows.</li>
</ul>
<p>Despite a consistent inflow in the past four days, spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) in the US witnessed net outflows yesterday.</p>
<p>The primary contributor to this trend was Grayscale’s GBTC spot ETF, which had a net outflow exceeding $303 million in a single day.</p>
<h2 id="other-bitcoin-etfs-see-inflows">Other Bitcoin ETFs See Inflows</h2>
<p>Despite the massive outflow from Grayscale’s GBTC, other Bitcoin ETFs experienced net inflows.</p>
<p>The Bitwise Bitcoin ETF led the pack with a net inflow exceeding $40 million.</p>
<p>Following closely was BlackRock’s iShares Bitcoin Trust with a net inflow exceeding $21 million, as per SoSoValue data.</p>
<p>When combined, the total net outflow from spot Bitcoin ETFs was nearly $224 million.</p>
<h2 id="weekly-trends">Weekly Trends</h2>
<p>Looking at the past week, almost $1 billion in Bitcoin flowed into US Bitcoin ETFs.</p>
<p>BlackRock’s product consumed the majority of this influx.</p>
<p>However, overall cumulative spot Bitcoin ETF volumes have been on a steady decline since their peak in early March.</p>
<p>Bitcoin’s price is currently above $70,500.</p>

Spot Bitcoin ETF Inflows Exceed GBTC Outflows

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