Bitcoin ETF

Bitcoin

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<p><a href="https://insidebitcoins.com/news/cathie-woods-ark-invest-says-an-optimal-investment-portfolio-should-hold-about-20-of-bitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Cathie Wood’s</span></a><span style="font-weight: 400;"> ARK 21 Shares Bitcoin ETF (exchange-traded fund) recorded larger daily outflows than Grayscale’s Bitcoin Trust (GBTC) for the first time since spot Bitcoin ETFs were approved in January.</span></p>
<p><span style="font-weight: 400;">The ARK21 Shares Bitcoin ETF (ARKB) suffered $87.5 million in outflows on Apr. 2, according to </span><a href="https://farside.co.uk/?p=997" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">data</span></a><span style="font-weight: 400;"> from Farside Investors. GBTC, which has posted consistently large outflows since its conversion to a spot ETF in January, lost $81.9 million on the same day.<img decoding="async" src="https://pbs.twimg.com/media/GDj69k3WwAA-xhH?format=jpg&amp;name=medium" alt="ARK Invest on X: &quot;Why ARK &amp; 21Shares? ARK's been on the forefront of crypto research since 2014 &amp; was the first fund manager to gain exposure to bitcoin in 2015. 21Shares"></span></p>
<h2 id="span-style-font-weight-400-ark21-shares-bitcoin-etf-records-outflows-for-two-consecutive-days-span"><span style="font-weight: 400;">ARK21 Shares Bitcoin ETF Records Outflows For Two Consecutive Days</span></h2>
<p><span style="font-weight: 400;">It was the second consecutive day of outflows for ARKB, following a $300k bleed on its first-ever day of outflows on Apr. 1. </span></p>
<p><span style="font-weight: 400;">Despite that, ARKB remains the third-largest spot Bitcoin ETF of the ten newly-launched funds, excluding GBTC, with $2.2 billion in assets under management (AUM).</span></p>
<p><span style="font-weight: 400;"> ARKB is also the sixth-largest holder of Bitcoin among corporations, funds and miners, with a total of 44,662 BTC on its books, according to data from HODL15Capital.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Updated Corporate holdings 👇 Added <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GBTC</a> and <a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Tether_to</a> <a href="https://twitter.com/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FBTC</a> <a href="https://twitter.com/search?q=%24ARKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ARKB</a> <a href="https://twitter.com/search?q=%24BITB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BITB</a> <a href="https://twitter.com/search?q=%24MARA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MARA</a> <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TSLA</a> <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$COIN</a> <a href="https://twitter.com/search?q=%24HUT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HUT</a> <a href="https://twitter.com/search?q=%24RIOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RIOT</a> <a href="https://twitter.com/search?q=%24SQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SQ</a> <a href="https://t.co/9qci0DS9l3" rel="noopener noreferrer nofollow">pic.twitter.com/9qci0DS9l3</a></p>
 <p>— HODL15Capital 🇺🇸 (@HODL15Capital) <a href="https://twitter.com/HODL15Capital/status/1775337210868330938?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 3, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">In the lead are BlackRock’s and Fidelity’s ETFs, with AUMs of $14.1 billion and $7.6 billion, respectively. Another $150.5 million entered </span><a href="https://insidebitcoins.com/news/blackrocks-bitcoin-etf-on-track-to-surpass-grayscales-gbtc-in-as-little-as-two-weeks" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">BlackRock’s</span></a><span style="font-weight: 400;"> IBIT on Apr. 2, which allowed the spot Bitcoin ETFs to record a net aggregate inflow of $40.3 million, despite the outflows from both ARKB and GBTC.</span></p>
<h2 id="span-style-font-weight-400-gbtc-maintains-the-number-one-spot-span"><span style="font-weight: 400;">GBTC Maintains The Number One Spot</span></h2>
<p><span style="font-weight: 400;">With an average outflow of $254 million per day throughout the last five trading days, GBTC’s $81.9 million outflows on Apr. 2 was below average. Overall, the fund has lost approximately $15.1 billion in total in just the last three months, as investors move to spot Bitcoin ETFs with </span><a href="https://insidebitcoins.com/news/grayscales-bitcoin-etf-must-slash-fees-or-lose-share-to-blackrock-and-fidelity-funds-with-competitive-advantages-jpmorgan-says" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">lower fees</span></a></p>
<p><span style="font-weight: 400;">GBTC remains the biggest holder of BTC, with approximately 329.27k Bitcoin on its </span><a href="https://www.coinglass.com/Grayscale" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">books</span></a><span style="font-weight: 400;">. This is after it shed a whopping 291,000 BTC.</span></p>
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Cathie Wood’s ARK21 Shares Bitcoin ETF Surpasses Grayscale’s GBTC In Outflows For The First Time

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