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April

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On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million. 
According to SoSo Value, despite the decrease in asset inflows from $62 million on April 22 to $31 million on April 23, a positive trend has continued for the third trading day. 
During this period, Bitcoin funds received $153.29 million from inflows. 
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 <img loading="lazy" decoding="async" width="1024" height="393" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-24-at-16.58.43-1024x393.png" alt="Capital inflows into spot Bitcoin ETFs total $31m - 24"> 
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A day earlier, <a href="https://crypto.news/tag/BlackRock/" target="_blank" rel="">BlackRock</a>‘s iShares Bitcoin Trust (IBIT) crypto fund took first place in capital inflow. It added $37.92 million to its balance sheet, bringing funds under management to $15.48 billion. 
In second place is an investment product from <a href="https://crypto.news/tag/ark-invest/" target="_blank" rel="">ARK Invest</a> and 21 Shares with $33.28 million; in third place is the fund from <a href="https://crypto.news/tag/Bitwise/" target="_blank" rel="">Bitwise</a> with $23.23 million. The rest of the Bitcoin <a href="https://crypto.news/tag/etf/" target="_blank" rel="">ETFs</a> received a total of $6.3 million. 
However, outflows were recorded from VanEck’s HODL fund and BTCO from Invesco and Galaxy Digital, respectively, $1.88 million and $332,480. 
For the spot Bitcoin ETF, IBIT <a href="https://crypto.news/capital-inflows-into-spot-bitcoin-etfs-reach-62m/" target="_blank" rel="">has recorded</a> capital inflows for 70 days. Thus, the product entered this indicator’s top 10 best exchange-traded funds. 
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 <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$IBIT</a> inflow streak currently at 69 DAYS. one more day and it moves into Top 10 and ties <a href="https://twitter.com/search?q=%24JETS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$JETS</a> (a streak I was equally as fascinated by) altho streak ending today would be pretty hilarious, show financial gods have sense of humor via <a href="https://twitter.com/thetrinianalyst?ref_src=twsrc%5Etfw" target="_blank" rel="">@thetrinianalyst</a> <a href="https://t.co/niDzfaKqgp" target="_blank" rel="">pic.twitter.com/niDzfaKqgp</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1782386163698835663?ref_src=twsrc%5Etfw" target="_blank" rel="">April 22, 2024</a>
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IBIT has total assets under management (<a href="https://crypto.news/tag/AUM/" target="_blank" rel="">AUM</a>) of $18.18 billion. BlackRock has also added&nbsp;several new authorized partners for its spot Bitcoin ETF. Their participation allows investors to buy and redeem shares for fiat. 
Meanwhile, on April 15, Hong Kong <a href="https://crypto.news/hong-kong-to-launch-spot-crypto-etf-trading-by-april-end/" target="_blank" rel="">approved</a> spot ETFs for <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="">Bitcoin</a> and <a href="https://crypto.news/tag/Ethereum/" target="_blank" rel="">Ethereum</a>. The HashKey Capital and Bosera Capital fund will begin trading in Hong Kong on April 30. 
 You might also like: <a href="https://crypto.news/can-hong-kongs-spot-bitcoin-etfs-rival-us-leadership-and-boost-btc-price/" rel=""> Can Hong Kong’s spot Bitcoin ETFs boost BTC price? </a>

Capital inflows into spot Bitcoin ETFs total $31m

crypto.news

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