Bitcoin ETF

Grayscale Bitcoin Trust

<h2 id="key-points">Key Points</h2>
<ul>
 <li>US spot Bitcoin ETFs have reported net outflows for three consecutive days.</li>
 <li>Grayscale’s GBTC and Ark 21Shares Bitcoin ETF are largely responsible for these outflows.</li>
</ul>
<p>Bitcoin exchange-traded funds (ETFs) in the US have seen a net decrease in funds for the third day in a row.</p>
<p>On the third day, more than $58 million was withdrawn, reducing the total net inflow to around $12.43 billion.</p>
<h2 id="major-outflows-from-gbtc-and-ark-21shares">Major Outflows from GBTC and Ark 21Shares</h2>
<p>The main contributor to these outflows has been the Grayscale Bitcoin Trust (GBTC), which saw nearly $79.4 million leave.</p>
<p>Data from SoSoValue revealed this significant decrease in funds.</p>
<p>The Ark 21Shares <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETF also experienced net outflows, with approximately $12.88 million leaving the fund.</p>
<p>While most other Bitcoin ETFs saw minor inflows ranging from $1.37 to $3.56 million, the iShares Bitcoin Trust led the pack with inflows of $25.78 million.</p>
<h2 id="steady-etf-volumes-in-april">Steady ETF Volumes in April</h2>
<p>Throughout April, the volumes of Bitcoin ETFs have remained steady following a decline from their peak in early March.</p>
<p>As of Monday, the total volumes exceeded $215 billion.</p>
<p>The flows in both directions have also contracted, with inflows and outflows of Bitcoin ETFs steadily becoming more balanced since March.</p>
<p>The price of Bitcoin is currently trading above $64,300 and has increased by over 2.6%. The leading cryptocurrency’s block-reward halving is expected to occur on Friday.</p>

Bitcoin ETF Inflows Surpassed by GBTC Outflows for Third Straight Day

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