United

Bitcoin ETF

Bitcoin

Shiba Inu

BlackRock

Bitcoin ETFs in the United States recorded inflows of nearly $60 million on Friday, showing signs of recovery from the negative inflows this week. BlackRock (IBIT) and Fidelity (FBTC) inflows climbed higher as market participants celebrate the fourth successful <a href="https://coingape.com/trending/top-4-cryptocurrencies-to-buy-after-bitcoin-halving/" target="_blank" rel="noopener">Bitcoin halving</a>. 
Rising inflows in BlackRock and other Bitcoin ETFs will provide a further push to a massive rally estimated post-Bitcoin halving. Experts gave a <a href="https://coingape.com/trending/top-reasons-why-bitcoin-price-will-hit-100k-soon/" target="_blank" rel="noopener">$100K price target</a> for Bitcoin. 
<h2 id="spot-bitcoin-etfs-saw-60-million-inflows">Spot Bitcoin ETFs Saw $60 Million Inflows</h2> 
The total net inflow of spot Bitcoin ETFs was $59.7 million, according to data reported by Bloomberg and Farside Investors on April 20. The 11 listed spot Bitcoin ETF saw a resurgence in buying activity on Friday. The positive inflow came amid BTC price recovery ahead Bitcoin halving. 
Inflows in Fidelity Bitcoin ETF (FBTC) were almost double the inflow in BlackRock’s iShares Bitcoin ETF (IBIT). BlackRock saw $29.3 million inflow, rising from tepid inflow in the last few day. Following the latest inflow, BlackRock’s net inflow hit over $15.42 billion and <a rel="nofollow" href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust" target="_blank">Bitcoin holdings</a> jumped&nbsp;over $17.55 billion. 
Fidelity Bitcoin ETF (FBTC) recorded $54.8 million inflow, while Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) witnessed $12.5 million and $4.9 million inflows, respectively. 
The outflows from&nbsp;Grayscale GBTC have further slowed on Friday. Outflow from GBTC decreased to $45.8 million from $90 million a day ago. With this, the total outflows from the <a href="https://coingape.com/bitcoin-etf-outflows-hit-58-million-gbtc-outflows-slow-down/" target="_blank" rel="noopener">Grayscale BTC ETF</a> currently stand at $16.70 billion. Grayscale CEO Michael Sonnenshein estimated outflows in GBTC ETF have peaked and positive inflows are expected soon enough, but the market is still waiting for it. 
<figure id="attachment_192584" aria-describedby="caption-attachment-192584" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-192584" src="https://coingape.com/wp-content/uploads/2024/04/screenshot-farside.co_.uk-2024.04.20-12_18_54.png" alt="Bitcoin ETF inflow" width="810" height="277" srcset="https://coingape.com/wp-content/uploads/2024/04/screenshot-farside.co_.uk-2024.04.20-12_18_54.png 810w, https://coingape.com/wp-content/uploads/2024/04/screenshot-farside.co_.uk-2024.04.20-12_18_54-300x103.png 300w, https://coingape.com/wp-content/uploads/2024/04/screenshot-farside.co_.uk-2024.04.20-12_18_54-768x263.png 768w, https://coingape.com/wp-content/uploads/2024/04/screenshot-farside.co_.uk-2024.04.20-12_18_54-150x51.png 150w" sizes="(max-width: 810px) 100vw, 810px">
 <figcaption id="caption-attachment-192584" class="wp-caption-text">
 Source: Farside Investors
 </figcaption>
</figure> 
Also Read: <a href="https://coingape.com/ripple-vs-sec-update-important-make-or-break-moment-in-lawsuit-xrp-price/" target="_blank" rel="noopener">Ripple Vs SEC Update: Important Make or Break Moment In Lawsuit, XRP Price</a> 
<h2 id="bitcoin-price-consolidates-near-64k">Bitcoin Price Consolidates Near $64K</h2> 
<a href="https://coingape.com/price/bitcoin" target="_blank" rel="noopener">BTC price</a> fell nearly 0.5% in the last 24 hours, with the price currently trading under $64,000. The 24-hour low and high of $63,036 and $65,481, respectively. However, the trading volume has decreased by 17% after Bitcoin halving as traders cautiously look for further signals. 
Latest analysis points to overall bullish sentiment despite low trading volumes in spot and futures, primarily due to concerns about the Israel-Iran tensions. BTC price “still need to reclaim $65.5K-$66K to be giga bullish,” said popular analyst Skew. Moreover, high Bitcoin transaction fees need to subside before a further upside momentum. 
Coinglass data indicates&nbsp;Bitcoin futures and options open interests (OI) have dropped slightly in the last 24 hours. The total futures OI dropped over 2% to $31.31 billion, with mixed sentiments across crypto exchanges in the last few hours. CME Bitcoin Futures OI dropped over 4% with most coming in the last 3 hours. 
<img decoding="async" class="aligncenter wp-image-192593" src="https://coingape.com/wp-content/uploads/2024/04/screenshot-www.coinglass.com-2024.04.20-12_35_36.jpg" alt="bitcoin" width="790" height="271" srcset="https://coingape.com/wp-content/uploads/2024/04/screenshot-www.coinglass.com-2024.04.20-12_35_36.jpg 1480w, https://coingape.com/wp-content/uploads/2024/04/screenshot-www.coinglass.com-2024.04.20-12_35_36-300x103.jpg 300w, https://coingape.com/wp-content/uploads/2024/04/screenshot-www.coinglass.com-2024.04.20-12_35_36-1224x420.jpg 1224w, https://coingape.com/wp-content/uploads/2024/04/screenshot-www.coinglass.com-2024.04.20-12_35_36-768x264.jpg 768w, https://coingape.com/wp-content/uploads/2024/04/screenshot-www.coinglass.com-2024.04.20-12_35_36-150x51.jpg 150w" sizes="(max-width: 790px) 100vw, 790px"> 
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The post <a href="https://coingape.com/bitcoin-etf-blackrock-fidelity-shows-recovery-signs-gbtc-outflow-fall-to-45m/">Bitcoin ETF: BlackRock, Fidelity Shows Recovery Signs, BTC Price To Rally Next Week?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin ETF: BlackRock, Fidelity Shows Recovery Signs, BTC Price To Rally Next Week?

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