Boost

Bitcoin ETF

Bitcoin

<div class="insidebitcoins">
 Cathie Wood’s 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.
 The ARK21 Shares Bitcoin ETF (ARKB) suffered $87.5 million in outflows on Apr. 2, according to data 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="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" 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" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDj69k3WwAA-xhH?format=jpg&amp;name=medium">
 <noscript><img decoding="async" src="https://thebittimes.com/image/getimage/?url=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">
 </noscript>
 <h2 id="span-style-font-weight-400-ark21-shares-bitcoin-etf-records-outflows-for-two-consecutive-days-span">ARK21 Shares Bitcoin ETF Records Outflows For Two Consecutive Days</h2>
 It was the second consecutive day of outflows for ARKB, following a $300k bleed on its first-ever day of outflows on Apr. 1. 
 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).
 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.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Updated Corporate holdings 👇 Added $GBTC and @Tether_to $FBTC $ARKB $BITB $MARA $TSLA $COIN $HUT $RIOT $SQ pic.twitter.com/9qci0DS9l3
 — HODL15Capital 🇺🇸 (@HODL15Capital) April 3, 2024
 </blockquote>
 
 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 BlackRock’s 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.
 <h2 id="span-style-font-weight-400-gbtc-maintains-the-number-one-spot-span">GBTC Maintains The Number One Spot</h2>
 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 lower fees
 GBTC remains the biggest holder of BTC, with approximately 329.27k Bitcoin on its books. This is after it shed a whopping 291,000 BTC.
 <h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
 <ul>
 <li style="font-weight: 400;">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities!</li>
 <li style="font-weight: 400;">Goldman Sachs Says Bitcoin Isn’t An Investment Asset Class, That Clients Aren’t Interested In Crypto</li>
 <li style="font-weight: 400;">5 Dog Coins to Watch Out for This April – Could Doge Day and Bitcoin Halving Boost Their Prices?</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cathie-wood-s-ark21-shares-bitcoin-etf-surpasses-grayscale-s-gbtc-in-outflows-for-the-first-time-tbt84310.html">https://thebittimes.com/cathie-wood-s-ark21-shares-bitcoin-etf-surpasses-grayscale-s-gbtc-in-outflows-for-the-first-time-tbt84310.html</a>
</div>

Cathie Wood’s ARK21 Shares Bitcoin ETF Surpasses Grayscale’s GBTC In Outflows For The First Time

Table of Contents

TheBitTimes

Other articles published on Apr 3, 2024

Argentina’s Crypto Regulation: Balancing Act Between Progress and Concerns

Bitcoin Exchange Binance Announces This Altcoin Will Support Network Upgrade!

Bull Run for Ethena? ENA Price Predicted to Hit $10 Soon

Why NFTFN and Solana Stand Out Crypto Whales’ Top Picks for This Year’s Altcoin Boom

Bitcoin Price Analysis: Here is What to Expect From the BTC Price Ahead of Halving

Binance Inscription Marketplace Boosts Accessibility with ARC-20 Token Support

Join our free newsletter for daily crypto updates!