Bitcoin ETF

Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/grayscale-bitcoin-etf-gbtc-faces-unprecedented-outflows/" data-wpel-link="internal">Grayscale Bitcoin ETF GBTC Faces Unprecedented Outflows</a><br></p>
<p style="text-align: justify">Grayscale <strong><a href="https://coin-turk.com/stablecoin-rakamlari-geldi-bitcoin-icin-yeni-zirveler-mi-gelecek" data-wpel-link="internal">Bitcoin</a></strong> ETF GBTC has become a focal point amid significant outflows since the launch of spot <a href="https://en.coin-turk.com/exploring-the-rise-of-bitcoin-and-altcoins-key-causes/" data-wpel-link="internal">Bitcoin</a> ETFs in January. According to data from Farside Investors, outflows from GBTC have exceeded $15 billion, and more than 50% of Bitcoin holders have experienced erosion.</p> 
<h2 id="etf-inflows-and-outflows">ETF Inflows and Outflows</h2> 
<p style="text-align: justify">Recent reports show that Bitcoin spot ETFs had a total net inflow of $39.47 million on April 2nd. Grayscale ETF GBTC recorded a net outflow of $81.86 million in a single day, while <strong>BlackRock</strong> ETF IBIT registered a net inflow of $150 million. Additionally, Fidelity ETF FBTC saw an inflow of $44.77 million. The historical total net inflow to Bitcoin spot ETFs reached $12.08 billion, indicating sustained investor interest in this asset class.</p> 
<p style="text-align: justify">However, the positive development here is a change in GBTC’s position in the ETF market. For the first time since its launch on January 11, 2024, GBTC is no longer the product with the largest daily outflow. On Wednesday, <strong>ARKB</strong>‘s outflow of $88 million surpassed GBTC’s outflow of $82 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-336761 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ETF.jpg" alt="" width="933" height="298"></p> 
<h2 id="investor-interest-in-etfs">Investor Interest in ETFs</h2> 
<p style="text-align: justify">The mentioned change highlights evolving investor sentiment and dynamics within the ETF landscape. Grayscale Bitcoin ETF GBTC has been the center of attention due to significant outflows since the introduction of spot Bitcoin ETFs in January. According to Farside Investors’ data, outflows from GBTC have surpassed $15 billion, with over 50% of Bitcoin assets eroded. The latest report reveals that Bitcoin spot ETFs experienced a total net inflow of $39.47 million on April 2nd. Grayscale ETF GBTC faced a net outflow of $81.86 million in a single day, while <strong>BlackRock</strong> ETF IBIT had a net inflow of $150 million.</p> 
<p style="text-align: justify">Moreover, <strong>Fidelity</strong> ETF FBTC recorded a net inflow of $44.77 million. The historical total net inflow to Bitcoin spot ETFs reached $12.08 billion, reflecting ongoing investor interest in this asset class. However, the positive development is a shift in GBTC’s position in the ETF market. Since its launch on January 11, 2024, GBTC is no longer the product with the highest daily outflow for the first time.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/grayscale-bitcoin-etf-gbtc-faces-unprecedented-outflows/" data-wpel-link="internal">Grayscale Bitcoin ETF GBTC Faces Unprecedented Outflows</a></h5>

Grayscale Bitcoin ETF GBTC Faces Unprecedented Outflows

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