Bitcoin ETF

Bitcoin

Time

<h2 id="key-points">Key Points</h2>
<ul>
 <li>SoSoValue data reveals yesterday’s highest inflow for Bitcoin ETFs was recorded by Fidelity’s FBTC with $5.61M.</li>
 <li>BlackRock’s ETF saw $0 inflows the other day.</li>
</ul>
<p>The latest data from <a href="https://sosovalue.xyz/assets/etf" rel="noopener noreferrer nofollow" target="_blank">SoSoValue</a> reveals the numbers for the net inflows and outflows for Bitcoin exchange-traded funds.</p>
<p>According to the reports, yesterday, the total net outflows for BTC ETFs were $121 million. Grayscake’s ETF GBTC saw a net outflow of $130 million, and the Bitcoin ETF with the highest net inflow was Fidelity’s FBTC with $5.61M – the highest net inflow of the past day.</p>
<p>The ETF ARKB, Ark Invest, and 21Shares’ Bitcoin ETF saw a net inflow of $4.17 million in a single day.</p>
<h2 id="blackrock-ends-its-positive-streak">BlackRock ends its positive streak</h2>
<p><a href="https://sosovalue.xyz/bigChart/Etf_NASDAQ_IBIT?title=BlackRock%20(IBIT)" rel="noopener noreferrer nofollow" target="_blank">BlackRock’s BTC ETF</a>, IBIT, saw $0 inflows the other day. BTC Markets analyst Rachel Lucas notes that zero inflows do not mean a product’s failure, and they are common.</p>
<p>She added that such occurrences could also be influenced by market performance and geopolitical tensions, which reflect the complexities beyond ETF flows.</p>
<p>Before this, BlackRock’s spot&nbsp;<a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>&nbsp;ETF has been on a steady growth trajectory, witnessing consistent net inflows for 70 consecutive days.</p>
<p>This significant performance has catapulted it into the top 10 exchange-traded funds (ETFs) with the longest daily inflow streaks.</p>
<h2 id="bitcoin-etfs-expected-to-contribute-to-higher-interest-in-btc">Bitcoin ETFs expected to contribute to higher interest in BTC</h2>
<p>Bitcoin ETFs are expected to contribute to the rising interest in Bitcoin investments. Bitcoin has recently completed its <a href="https://crypto.ro/en/news/breaking-bitcoin-halving-slashed-block-rewards-from-6-25-btc-to-3-125-btc/" rel="noopener noreferrer nofollow">fourth halving</a> on April 20, when the miner rewards were cut from 6.25 BTC to 3.125 BTC.</p>
<p>History has demonstrated that the event had a significant impact on token supply dynamics, market sentiment, and adoption as well. Now, besides these factors the optimistic views on Bitcoin’s price are also fueled by the high interest in BTC ETF products.</p>
<p>Also, Bitfinex noted that Bitcoin’s recent mining reward halving has altered the market in such a way that it could lead to the <a href="https://crypto.ro/en/news/bitfinex-bullish-prediction-bitcoins-post-halving-demand-to-surge-by-5-times/" rel="noopener noreferrer nofollow">BTC demand growing</a> five times higher than the supply – another optimistic view on the future of Bitcoin’s price.</p>
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<p>Regarding Bitcoin’s price today, at the moment of writing this article, Bitcoin is trading a little above $64k, down by almost 4% in 24 hours on<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow" target="_blank"> CoinMarketCap.</a></p>
<p>According to<a href="https://crypto.ro/en/news/bitcoin-purchase-peak-two-on-chain-metrics-indicate-ideal-buying-time/" rel="noopener noreferrer nofollow"> two important indicators</a> for monitoring on-chain trading activity, Bitcoin (BTC) might be stepping into a promising purchase area. These metrics, the market value to realized value (MVRV) and the open interest (OI) weighted funding rate, hint at an appealing entry point for traders.</p>

Bitcoin Trades Above $64k, As BlackRock’s BTC ETF IBIT Saw $0 Inflows

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