Bitcoin

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Spot Bitcoin ETFs in the U.S. saw a net outflow of $34.4 million on Thursday, indicating a slowdown in outflows.</li>
 <li>Grayscale’s GBTC was the only ETF with a net outflow, while Ark Invest’s ARKB led daily net inflows.</li>
</ul>
<p>Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed a net outflow of $34.4 million on Thursday. This indicates a slowing down compared to the previous day’s record outflows.</p>
<h2 id="outflows-and-inflows-of-bitcoin-etfs">Outflows and Inflows of Bitcoin ETFs</h2>
<p>The Grayscale’s GBTC experienced consistent outflows and was the only ETF to have a net outflow on Thursday, amounting to $55 million. On the other hand, Ark Invest’s ARKB led the daily net inflows by adding $13 million.</p>
<p>Spot Bitcoin ETFs from Franklin Templeton, Valkyrie, Invesco, and Galaxy Digital recorded smaller net inflows, totaling a combined $6 million. Both BlackRock and Fidelity’s <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> funds, ranked second and third in terms of total net assets, recorded zero flows on Thursday.</p>
<h2 id="understanding-the-etf-flow">Understanding the ETF Flow</h2>
<p>The previous day, Wednesday, set a record for Bitcoin ETF outflows, logging the largest ever at $563.7 million. Fidelity’s FBTC, which started to lose funds only last week, saw $191 million move out of the fund. This surpassed that of GBTC.</p>
<p>However, these outflows are not considered unusual. ETF analyst James Seyffart explained that a day of zero flows is normal in ETFs. He also stated that these ETFs are operating smoothly and inflows and outflows are part of the norm in the life of an ETF.</p>
<p>At the same time, the price of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> is trading at $59,581 as of 12:45 p.m. in Hong Kong.</p>

Bitcoin ETFs Witness Decrease in Daily Outflows: Total Hits $34 Million

Indice dei contenuti

crypto.ro global

Altri articoli pubblicati su 3 mag 2024

Crypto user loses $69.3m to address poisoning scammer

Solana price rises 12% as new SOL presale attracts investor attention

Memecoins On A Run! DOGE Price And SHIB Price To Jump 50% In May?

Super Trump Price Prediction: STRUMP Jumps 3% As This Solana Meme Coin Surges 11% – Next WIF Or B...

Bitbot’s Presale Passes $3M After AI Development Update

With Bitcoin (BTC) Above $66,600, Kelexo (KLXO) Lending Platform At $0.055 per Share Gains Intere...

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!