Bitcoin

April

<h2 id="key-points">Key Points</h2>
<ul>
 <li>US spot bitcoin exchange-traded funds (ETFs) have achieved a record 18-day streak of net inflows.</li>
 <li>The total net inflow for the 11 funds reached $217.78 million, with BlackRock’s IBIT attracting the most.</li>
</ul>
<p>US spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs have set a new record, with 18 consecutive days of net inflows.</p>
<p>This is the longest positive flow streak since these funds were listed.</p>
<h2 id="etfs-performance">ETFs Performance</h2>
<p>The 11 funds collectively recorded a net inflow of $217.78 million.</p>
<p>The largest contributor to this was BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, which drew $350 million worth of net inflows.</p>
<p>Fidelity and VanEck’s bitcoin ETFs also experienced net inflows, although these were significantly less than BlackRock’s.</p>
<p>In contrast, Ark Invest’s ARKB saw net outflows of $96.6 million, marking one of the largest fund exits from the ETF.</p>
<p>Grayscale’s converted GBTC and Bitwise’s BITB also reported net outflows of $37.5 million and $3 million respectively.</p>
<p>The remaining five spot bitcoin ETFs, including Invesco’s BTCO, did not record any flows.</p>
<h2 id="total-inflows-since-inception">Total Inflows Since Inception</h2>
<p>Since their inception in January, the 11 spot bitcoin ETFs have logged a total net inflow of $15.56 billion.</p>
<p>This appears to be a recovery from a standstill in April and May, although it is still lower than the peak in March.</p>
<p>At the time of writing, Bitcoin’s value stands above the $71,000 mark, having grown 0.24% in the past 24 hours.</p>

Unprecedented 18-Day Inflow Surge in US Bitcoin ETFs Shatters Records

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