Bitcoin ETF

Bitcoin

April

Grayscale Bitcoin Trust

BlackRock

A major asset management company, BlackRock’s iShares Bitcoin Trust (IBIT), attracted $73.4 million in net inflows on April 15, despite a drop from the previous day’s $110.1 million, according to <a href="https://farside.co.uk/?p=997" target="_blank" rel="noreferrer noopener" data-wpel-link="external">Farside Investors </a>data. 
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 <img loading="lazy" loading="lazy" decoding="async" width="611" height="123" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/BlackRock-iShares-Bitcoin-Trus-Sees-73.4M-Inflows-Despite-Drop.png" alt="BlackRock iShares Bitcoin Trus Sees $73.4M Inflows Despite Drop" class="wp-image-150048" style="width: 100%;height:auto">
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 Bitcoin ETF Flow Table &nbsp;| Source :&nbsp;Farside Investors
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This made IBIT the only U.S.-based spot Bitcoin fund to record inflows over the past two days. In contrast, other ETFs, except for Grayscale’s, experienced either zero inflows or lower. 
However, IBIT’s inflows did not surpass outflows from the Grayscale Bitcoin Trust (GBTC), which saw $110.1 million in outflows on April 15, slowing from $166.2 million on April 14. Overall, all 10 spot Bitcoin ETFs observed net outflows totaling $55.1 million on April 14 and $36.7 million on April 15. 
These outflows coincide with Bitcoin’s recent market turbulence, <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">dropping</a> 11.7% to $62,743 during the week. Global Bitcoin investment products also saw outflows of $126 million by April 12, reflecting investor caution according to <a href="https://blog.coinshares.com/volume-178-digital-asset-fund-flows-weekly-report-02e978e7d82e" target="_blank" rel="noreferrer noopener" data-wpel-link="external">CoinShares</a>‘ James Butterfill. 
The upcoming halving event on April 20, where Bitcoin’s issuance halves, adds to market uncertainty as traders anticipate its impact on prices. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/09/blackrock-bitcoin-etf-took-seven-years-of-planning/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">BlackRock Bitcoin ETF Took Seven Years of Planning</a> 
</blockquote>

BlackRock Bitcoin ETF Sees $73.4M Inflows Despite Drop

The Crypto Times

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