Bitcoin ETF

Bitcoin

<img width="1260" height="710" src="https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin ETF Mark Three Days of Consecutive Inflows Following a Dip" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2.jpg 1260w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-1224x690.jpg 1224w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-768x433.jpg 768w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-ETF-2-150x85.jpg 150w" sizes="(max-width: 1260px) 100vw, 1260px">
<p>Bitcoin ETF trading volume has been shattering records ever since the green signal from the SEC arrived. However, a previous dip and outflows had created speculation that the demand for the Bitcoin ETFs might vanish. Despite all rumors, the inflows for the ETFs have again seen a consecutive green level for three sessions.</p> 
<h2 id="bitcoin-etf-see-three-consecutive-sessions-of-inflows">Bitcoin ETF See Three Consecutive Sessions of Inflows</h2> 
<p>Yesterday witnessed a cumulative net inflow of $213 million into Bitcoin spot ETFs, according to <a rel="nofollow" href="https://sosovalue.xyz/assets/etf" target="_blank">SoSoValue</a>. This is the third day in a row of net inflows. The green trading came after a previous dip which had investors questioning about the demand of Bitcoin ETFs. A rise in inflows right before the halving also suggests that investors are likely piling up their BTC holdings before the code update.</p> 
<p>In a single day, the Grayscale ETF (GBTC) saw a net outflow of $79.3 million, bringing its total net outflow to $15.31 billion. BlackRock’s ETF was the Bitcoin spot ETF with the greatest net inflow on a single day, coming in at over $144 million, increasing IBIT’s total net inflow over the past 15 years to $14.4 billion.</p> 
<p><strong>Read Also: <a href="https://coingape.com/ripple-clo-says-crypto-fraud-can-be-fought-without-getting-political/" target="_blank" rel="noopener">Ripple CLO Says Crypto Fraud Can Be Fought Without Getting Political</a></strong></p> 
<h2 id="blackrock-includes-wall-street-banks-as-ap">Blackrock Includes Wall Street Banks as AP</h2> 
<p>BlackRock’s robust trading also comes as it previously included a list of the top Wall Street institutions as <a href="https://coingape.com/spot-bitcoin-etf-blackrock-adds-goldman-sachs-others-as-aps/" target="_blank" rel="noopener">Authorized Providers</a> (APs) in the spot Bitcoin ETF prospectus. Now, American financial behemoths Goldman Sachs, Citigroup, and Citadel, as well as Swiss multinational banking behemoth UBS, have been designated by BlackRock as first-time ETF market participants. With this addition, these banking behemoths are now APs to BlackRock, joining JPMorgan and Jane Street among others.</p> 
<h2 id="bitcoin-etf-trading-volatility-still-persists">Bitcoin ETF Trading Volatility Still Persists</h2> 
<p>Even as institutional interest in Bitcoin expands, the futures market suggests that volatility may be on the horizon. As per CryptoQuant, there is a clear indication of increased Bitcoin purchases by US institutions when the Coinbase Premium keeps rising. This premium, which represents the price difference between Coinbase and foreign exchanges, highlights strong institutional participation, especially in light of the recent inflows in US BTC ETFs.</p> 
<p><strong>Read Also: <a href="https://coingape.com/xrp-analyst-dispels-concerns-over-ripple-stablecoin-impact/" target="_blank" rel="noopener">XRP Analyst Dispels Concerns Over Ripple Stablecoin Impact</a></strong></p> 
<p>The post <a href="https://coingape.com/bitcoin-etf-mark-three-days-of-consecutive-inflows-following-a-dip/">Bitcoin ETF Mark Three Days of Consecutive Inflows Following a Dip</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Bitcoin ETF Mark Three Days of Consecutive Inflows Following a Dip

Table of Contents

Coingape News Media

Other articles published on Apr 5, 2024

Cat-Themed Memecoins Growing Popularity: Traders Earn Millions With MEW and MOEW

Crypto Storage Made Easy: Discover the Next-Gen Cold Wallets That Anyone Can Use

Bitget Lists Solana-based "Cat in a Dogs World" (MEW) in the Innovation and Meme Token Zone (5 Apr)

US Authorities Transfer $2 Billion in Seized Bitcoin from Silk Road to New Address

New Solana Meme Coin Raises $8 Million in ICO – Could $SLOTH 100x?

ChatGPT Price Predictions For Cardano and NuggetRush

Join our free newsletter for daily crypto updates!