Bitcoin ETF

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Bitcoin ETFs saw a net outflow of $223 million on Monday after four consecutive days of net inflow. 
According to <a href="https://sosovalue.xyz/assets/etf" target="_blank" rel="">SoSo Value</a>, Monday was the most significant outflow for Bitcoin ETFs in over two weeks. Last week, BTC ETFs saw four days of consecutive inflows totaling nearly $570 million, driving Bitcoin’s price to $72,000. 
However, Monday’s outflow caused BTC’s daily trading volume to decline by 6%, forcing the price to retrace to $69,000.&nbsp; 
Bitwise’s ETF saw the most significant single-day net inflow at $40.3 million. However, nearly $303 million was withdrawn from Grayscale’s ETF, GBTC. 
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 <img loading="lazy" decoding="async" width="558" height="485" src="https://crypto.news/app/uploads/2024/04/roadmap-1.png" alt="Bitcoin ETFs"> 
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 Total Bitcoin ETF Net Inflow | Source: <a href="https://sosovalue.xyz/assets/etf" target="_blank" rel="">SoSo Value</a>
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Since the SEC approved ETFs in January, Bitcoin’s market movements have driven mainly the net asset inflow into these instruments. Institutional funds will likely continue to play a larger role in the token’s market performance, as the London Stock Exchange is also preparing to launch <a href="https://crypto.news/london-stock-exchange-bitcoin-ethereum/" rel="">Bitcoin ETNs</a> next month.&nbsp; 
With the halving approaching, analysts are divided on how the BTC market will perform in the short term. Industry experts like <a href="https://crypto.news/scaramucci-sees-bitcoin-reach-170k-after-halving/" rel="">Anthony Scaramucci</a> and <a href="https://crypto.news/analyst-predicts-bitcoin-to-hit-150k-by-2025-uptick-in-microstrategy-stock/" rel="">Mark Plamer</a> emphasized that the market is in an early bullish cycle, continuing after the halving, driving the largest cryptocurrency to over $150,000.&nbsp; 
However, not all investors share the same sentiment. Earlier today, a <a href="https://crypto.news/30-of-deutsche-bank-clients-expect-bitcoin-to-drop-below-20k/" rel="">survey</a> released by Deutsche Bank showed that 30% of its investors see Bitcoin dipping below $20,000 by the end of this year.&nbsp; 
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Grayscale accounts for Monday’s largest Bitcoin ETF outflow

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