Bitcoin ETF

Bitcoin

April

On Tuesday, April 16, spot Bitcoin ETFs saw net outflows of $58 million, continuing a two-day consecutive decline as <a href="https://farside.co.uk/?p=997" target="_blank" rel="noreferrer noopener" data-wpel-link="external">reported</a> by Farside Investors, indicative of subdued market activity. 
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 <img decoding="async" width="580" height="118" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/Spot-Bitcoin-ETFs-See-58M-Outflows-in-24-Hours.png" alt="Spot Bitcoin ETFs See $58M Outflows in 24 Hours" class="wp-image-150365">
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 Bitcoin ETF Flow Table &nbsp;| Source :&nbsp;Farside Investors
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Despite this trend, there are signs of improvement. Outflows from the Grayscale Bitcoin ETF GBTC slowed down to $79.4 million on April 16, with total outflows reaching $16.46 billion. Additionally, Ark Invests’ Bitcoin ETF ARKB saw negative outflows of $13 million. 
While outflows from GBTC have eased, so have inflows into spot Bitcoin ETFs. On the same day, BlackRock’s IBIT recorded the highest net inflow at $25.78 million, surpassing $15.3 billion in total inflows. 
Bloomberg ETF analyst James Seyffart <a href="https://twitter.com/JSeyff/status/1780243642851995735" target="_blank" rel="noreferrer noopener" data-wpel-link="external">notes</a> that zero inflow days are common in ETFs, including Bitcoin ones, and shouldn’t be seen negatively.&nbsp; 
In ETFs, shares are created or eliminated in batches (creation units) based on supply and demand disparities, with transactions only occurring if costs are favorable compared to traditional methods. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/16/blackrock-bitcoin-etf-sees-73-4m-inflows-despite-drop/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">BlackRock Bitcoin ETF Sees $73.4M Inflows Despite Drop</a> 
</blockquote>

Spot Bitcoin ETFs See $58M Outflows in Last 24 Hours

The Crypto Times

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