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Spot Bitcoin ETFs, or exchange-traded funds, witnessed a net inflow of $203 million on Friday, April 6, continuing a trend for the fourth straight day. 
According to <a href="https://sosovalue.xyz/assets/etf" target="_blank" rel="">SoSoValue</a>, Grayscale’s ETF, GBTC, saw its net assets decrease by $198 million on the same day, pushing its total net withdrawals to $15.51 billion. 
Meanwhile, BlackRock’s iShares Bitcoin Trust, which trades under the ticker IBIT, led the market with a single-day inflow of $308 million, raising its total inflows to $14.77 billion. 
<a href="https://crypto.news/bitcoin-long-term-holders-sell-as-new-investors-enter/" rel="">Bitcoin ETFs</a> saw a net outflow of $85.8 million on Monday, April 1 — the only net outflow in the past ten days of trading. Consequently, BTC price dropped to $65,000, triggering broader liquidations across the market.&nbsp; 
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 Bitcoin ETF net inflow | Source: <a href="https://sosovalue.xyz/assets/etf" target="_blank" rel="">SoSo Value</a>
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 You might also like: <a href="https://crypto.news/cathie-wood-bitcoin-currency-devaluation/" rel=""> Cathie Wood: Bitcoin rally tied to global currency devaluation </a> 
However, the four consecutive days of inflows have helped Bitcoin recover over $67,000. 
Institutional investments have played a significant role in BTC’s market movements since the SEC approved Bitcoin ETFs in January.&nbsp; 
Despite the recent price corrections, close observers (i.e., SkyBridge’s Anthony Scaramucci) predict a larger rally for the premier cryptocurrency following its halving later this month. See below. 
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 <div class="wp-block-embed__wrapper"> <iframe title="SkyBridge's Anthony Scaramucci: Bitcoin still has room to run" width="1020" height="574" src="https://www.youtube.com/embed/4nTfHyBdtWg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
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<a href="https://crypto.news/bitcoin-cash-price-halving/" rel="">Bitcoin Cash</a> (BCH), a fork of Bitcoin, rallied over 10% immediately after its halving last week. 
The market is anticipating a similar impact on the BTC market, as recent <a href="https://crypto.news/bitcoin-halving-price-history/" rel="">reports</a> showed that the token increased by an average of 3,230% after each of the last three halving.&nbsp; 
 Read more: <a href="https://crypto.news/jury-finds-terraform-labs-do-kwon-guilty-on-fraud-charges/" rel=""> Jury finds Terraform Labs, Do Kwon guilty on fraud charges </a>

Bitcoin ETFs net $203m daily inflows, anticipation builds for halving

crypto.news

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