Bitcoin

Spot

Time

<a href="https://bitcoinworld.co.in/ark-invest-21shares-bitcoin-spot-etf-surpasses-grayscales-gbtc-in-outflows-for-the-first-time/" title="ARK Invest 21Shares Bitcoin Spot ETF Surpasses Grayscale’s GBTC In Outflows For The First Time" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">ARK 21Shares Bitcoin Spot ETF (ARKB) experienced higher Bitcoin (BTC) outflows than Grayscale’s Bitcoin Trust (GBTC) for the first time.</li>
</ul>
ARK 21Shares exchange-traded fund (ARKB) experienced higher Bitcoin (BTC) <a href="https://twitter.com/FarsideUK/status/1775369742724780324" rel="noopener noreferrer nofollow">outflows</a> than Grayscale’s Bitcoin Trust (GBTC) for the first time.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin ETF Flow (US$ million) – 2024-04-02
 TOTAL NET FLOW: 40.3 (Provisional data)
 IBIT: 150.5 FBTC: 44.8 BITB: 4.3 ARKB: -87.5 BTCO: 0 EZBC: 0 BRRR: 3.7 HODL: 5.6 BTCW: 0 GBTC: -81.9 DEFI: 0.8
 For all the data &amp; disclaimers visit:<a href="https://t.co/4ISlrCgZdk" rel="noopener noreferrer nofollow">https://t.co/4ISlrCgZdk</a>
 — Farside Investors (@FarsideUK) <a href="https://twitter.com/FarsideUK/status/1775369742724780324?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 3, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
According to data from Farside Investors, ARKB recorded outflows of nearly $88 million on Tuesday, surpassing GBTC’s outflows of $81 million. These two products were the sole losers among the 11 ETFs analyzed.
The outflows from ARKB mark its largest since its launch in January. The fund suffered a loss of $300,000 on Monday, marking its first-ever outflows.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/court-freezes-8-4m-of-craig-wrights-assets-amid-evading-court-expenses-allegations/" aria-label="“Court Freezes $8.4M of Craig Wright’s Assets Amid Evading Court Expenses Allegations” (Edit)" rel="noopener noreferrer nofollow">Court Freezes $8.4M of Craig Wright’s Assets Amid Evading Court Expenses Allegations</a>
In contrast, Grayscale’s Bitcoin Trust has been facing continuous outflows since March 15, with the total outflows now exceeding $15 billion, as per the data.
Among other ETFs, BlackRock’s IBIT emerged as the leader, attracting an additional $150 million. Fidelity’s FBTC followed with $44 million in inflows.&nbsp;
Overall, the net inflows for the day reached $40 million, a significant improvement compared to the net outflows of $80 million recorded on Monday.
Bitcoin prices have remained relatively stable over the past 24 hours, declining 0.55% over the past 24 hours.&nbsp;
However, it experienced a sharp decline in the past week, dropping by over 5% and falling back below the $69,000 level.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/ark-invest-21shares-bitcoin-spot-etf-surpasses-grayscales-gbtc-in-outflows-for-the-first-time/" rel="noopener noreferrer nofollow">ARK Invest 21Shares Bitcoin Spot ETF Surpasses Grayscale’s GBTC In Outflows For The First Time</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

ARK Invest 21Shares Bitcoin Spot ETF Surpasses Grayscale’s GBTC In Outflows For The First Time

ItsBitcoinWorld

Other articles published on Apr 5, 2024

Ripple CTO Reveals Major XRPL Feature Amid Stablecoin Excitement

Binance Announces Strengthened KYC Standards For Binance Link Program

Top 3 Altcoins to Watch This Week: Solana (SOL), Hump (HUMP), Dogecoin (DOGE)

The GoDaddy of the crypto world: Portal Network

Kuwait Crypto Ban: Cryptocurrencies Face a Freeze in Kuwait

Ethereum Co-Founder Asks 'Are We Going To War With Russia?' After Blinken Says Ukraine Will Event...

Join our free newsletter for daily crypto updates!