Bitcoin ETF

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Bitcoin

In this unpredictable cryptocurrency market, investors and retailers need clarification about whether to take advantage of the price fall or stay away during this <a href="https://news.todayq.com/analysts-warn-of-potential-sell-off-if-bitcoin-drops-to-this-level/" rel="noopener noreferrer nofollow">mixed sentiment</a>. Following a mixed situation, an on-chain analytics firm, Lookonchain, shared insights on today’s spot Bitcoin ETF (Exchange Traded Fund). On May 13, 2024, all nine Bitcoin ETF issuers collectively experienced an outflow of $54.85 million. BlackRock’s impressive inflow with 205 Bitcoin 
In today’sBitcoin ETF flows, the asset management giant BlackRock’s iShare Bitcoin Trust (IBIT) saw an inflow of a massive 205 Bitcoin worth around $13 million. With this net inflow, BlackRock’s total holding becomes net 274,755 Bitcoin worth $17.41 billion. Whereas, the biggest Bitcoin holder and Bitcoin ETF issuer, Grayscale, experienced a massive outflow of 706 Bitcoin worth around $44.74 million. With the recent outflow, Grayscale’s Bitcoin holding becomes 291,084 Bitcoins worth around $18.45 billion.&nbsp; 
In addition, Invesco Galaxy Bitcoin ETF (BTCO) and Franklin Bitcoin ETF (EZBC) saw outflows of 367 and 85 Bitcoins, respectively. Conversely, Fidelity Wise Origin Bitcoin Fund (FBTC) witnessed an inflow of 87 Bitcoins, contributing to a significant addition of over 1,771 Bitcoins in the past week, the highest among all ETF issuers. Bitcoin ETF issuer with zero flows 
However, ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), VanEck Bitcoin Trust (HODL), and Valkyrie Bitcoin Fund (BRRR) observed zero inflows.
With all these flows to the Bitcoin ETF, today Bitcoin is trading near $62,700, and in the last 24 hours, it experienced a 2% upside momentum. If we look at the performance of Bitcoin over a longer period, in the last 7 days, Bitcoin remains stable. Whereas, in the last 30 days, Bitcoin saw a 6% downside momentum. Looking at today’s performance, there is an expectation that tomorrow Bitcoin ETF may see a massive inflow.

Grayscale drops 866 Bitcoin while BlackRock adds 205 BTC

Todayq News

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