Bitcoin ETF

Bitcoin

April

<p class="is-style-lead">On April 22, the net daily capital inflow into spot Bitcoin ETFs was $62.09 million.</p> 
<p>According to SoSo Value, the top spot in capital inflows on April 22 was taken by the Fidelity Bitcoin Spot ETF (<a href="https://crypto.news/tag/FBTC/" target="_blank" rel="">FBTC</a>) crypto fund. It added $34.83 million to its balance sheet, bringing funds under management to $8.18 billion.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="423" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-23-at-16.40.06-1024x423.png" alt="Capital inflows into spot Bitcoin ETFs reach $62m - 26"> 
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<p>The investment product from ARK Invest and 21 Shares received $22.56 million, and iShares Bitcoin Trust (IBIT) received $19.65 million. The remaining <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="">Bitcoin</a> ETFs received a total of $20.04 million.</p> 
<p>Bloomberg analyst Eric Balchunas noted that investors have steadily poured into IBIT for 69 days, allowing the fund to take 11th place in the most consecutive days of inflows.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$IBIT</a> inflow streak currently at 69 DAYS. one more day and it moves into Top 10 and ties <a href="https://twitter.com/search?q=%24JETS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$JETS</a> (a streak I was equally as fascinated by) altho streak ending today would be pretty hilarious, show financial gods have sense of humor via <a href="https://twitter.com/thetrinianalyst?ref_src=twsrc%5Etfw" target="_blank" rel="">@thetrinianalyst</a> <a href="https://t.co/niDzfaKqgp" target="_blank" rel="">pic.twitter.com/niDzfaKqgp</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1782386163698835663?ref_src=twsrc%5Etfw" target="_blank" rel="">April 22, 2024</a>
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<p>As economist Alessandro Ottaviani <a href="https://twitter.com/AlexOttaBTC/status/1782643980397649957" target="_blank" rel="">noted</a>, the inflow of assets into IBIT continued at the beginning of the week. The fund is one of the 10 investment instruments that have received a stable influx of investment for the longest period.</p> 
<p>On April 19, spot Bitcoin ETFs recorded an influx of $59.56 million. The sector also became the volume leader, adding $54.77 million to its balance sheet, and the volume of funds under management reached $8.14 billion.</p> 
<p>On April 19, IBIT’s inflows amounted to $29.28 million, while ARK Invest and 21 Shares recorded an inflow totaling $12.53 million.</p> 
<p> You might also like: <a href="https://crypto.news/grayscales-bitcoin-etf-hits-1-6b-outflows-hours-before-halving/" rel=""> Grayscale’s Bitcoin ETF hits $1.6b outflows hours before halving </a> </p>

Capital inflows into spot Bitcoin ETFs reach $62m

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