Bitcoin ETF

Bitcoin

BlackRock

The BlackRock iShares Bitcoin Trust (IBIT) experienced its first day without any new investments, with $0 inflows, according to <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">data</a> from&nbsp; farside.co.uk, since the introduction of Bitcoin ETFs in the United States this January.
This marked a significant shift, as IBIT had previously <a href="https://www.cryptotimes.io/2024/04/23/blackrock-ibit-enters-top-10-etfs-list-with-70-day-inflows/" data-wpel-link="internal" rel="noopener noreferrer nofollow">accumulated </a>nearly $15.5 billion over 71 days. On April 24, the Fidelity Wise Origin Bitcoin Fund received $5.6 million, while the ARK 21Shares Bitcoin ETF saw $4.2 million in inflows.
On that day, the Grayscale Bitcoin Trust ETF saw $130.4 million in withdrawals. This resulted in a net outflow of $120.6 million across all spot Bitcoin ETFs.
Overall, the U.S. Bitcoin ETF market has amassed $12.3 billion in Bitcoin since January 11. Despite these inflows, the cumulative outflows from the Grayscale Bitcoin Trust, which exceed $17 billion, have significantly impacted the total gains.
In the regulatory landscape, several market participants are applying to launch Ether ETFs. However, their approval has been <a href="https://www.cryptotimes.io/2024/04/24/sec-delays-franklin-templeton-ether-etf-decision-to-june-11/" data-wpel-link="internal" rel="noopener noreferrer nofollow">delayed</a> as the Securities and Exchange Commission reviews the applications.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also read: <a href="https://www.cryptotimes.io/2024/04/24/hong-kong-to-debut-spot-bitcoin-ether-etfs-on-april-30/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Hong Kong to Debut Spot Bitcoin, Ether ETFs on April 30</a>
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BlackRock Bitcoin ETF Records First $0 Inflow Day

The Crypto Times

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