Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

BlackRock’s Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) exchange-traded fund (ETF) has been the only United States-based spot Bitcoin fund to see inflows over the past two days, with all other ETFs posting zero inflows or lower.&nbsp;
The iShares Bitcoin Trust (IBIT) posted net inflows of $73.4 million on April 15, down from the $111.1 million the day prior. The eight other ETFs — bar Grayscale’s — posted $0 flows over the past two days, per Farside Investors <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener noreferrer nofollow">data</a>.
However, IBIT’s inflows weren’t enough to outpace outflows from the Grayscale Bitcoin Trust (GBTC). It saw $110.1 million in outflows on April 15, slowing from April 14’s $166.2 million.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-04/dac9dfa9-dd04-4159-b3a0-a17d6670e984.png">
 <figcaption style="text-align: center;">IBIT’s two-day flows in the second column with GBTC’s third from the right. Total flows are in the far right column. Source: Farside Investors.
 </figcaption>
</figure>
All 10 spot Bitcoin ETFs saw net outflows across April 14 and 15 — $55.1 million and $36.7 million, respectively.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-04/fe12b709-ed7b-4101-90e0-faf9c8e0dcb7.png">
 <figcaption style="text-align: center;">Total cumulative ETF flows to April 15. Source: Farside Investors
 </figcaption>
</figure>
The recent outflows for U.S. Bitcoin ETFs follow a rollercoaster weekend for Bitcoin, which is down 11.6% on the week to $63,410, per Cointelegraph <a href="https://pro.cointelegraph.com/coins/bitcoin" rel="noopener noreferrer nofollow">Markets Pro</a>.
Related: <a href="https://cointelegraph.com/news/hong-kong-ether-bitcoin-etfs-lucky-to-get-500-million-bloomberg-etf-analyst" rel="noopener noreferrer nofollow">Hong Kong’s Ether, Bitcoin ETFs will be ‘lucky to get $500m’</a>
Meanwhile, global Bitcoin investment products saw <a href="https://cointelegraph.com/news/crypto-funds-see-110m-in-bitcoin-outflows-as-btc-price-drops-and-investors-risk-off" rel="noopener noreferrer nofollow">outflows of $110 million</a> for the week ending April 12, which CoinShares’ research head James Butterfill said highlights the “hesitancy amongst investors.”
Butterfill reported all combined crypto investment products saw net outflows of $126 million last week, and week-on-week volumes perked from $17 billion to $21 billion.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-04/aed67465-9b92-4e4a-9661-6b941e8d0ce7.png">
 <figcaption style="text-align: center;">TradingView data shows Bitcoin hovering above its weekly low. Source: Cointelegraph Markets Pro
 </figcaption>
</figure>
Iran’s April 13 attack on Israel sent Bitcoin <a href="https://cointelegraph.com/news/bitcoin-nose-dive-as-political-tensions-escalate-israel-iran-middle-east" rel="noopener noreferrer nofollow">into freefall</a>, hitting a three-week low of $61,918.
The cryptocurrency’s April 20 slated <a href="https://cointelegraph.com/news/bitcoin-halving-2024" rel="noopener noreferrer nofollow">halving</a> — where its issuance is cut in half — is also causing price volatility as traders eye <a href="https://cointelegraph.com/news/70k-btc-price-by-the-halving-5-bitcoin-this-week" rel="noopener noreferrer nofollow">how it will affect</a> Bitcoin’s price action.
X Hall of Flame: <a href="https://cointelegraph.com/magazine/expect-records-broken-by-spot-bitcoin-etf-brett-harrison-ex-ftx-us-x-hall-of-flame/" rel="noopener noreferrer nofollow">Expect ‘records broken’ by Bitcoin ETF: Brett Harrison (ex-FTX US)</a>

BlackRock’s Bitcoin ETF is the only fund with inflows since Friday

Cointelegraph

Andra artiklar publicerade 16 apr. 2024

Can Hong Kong’s spot Bitcoin ETFs boost BTC price?

Andreessen Horowitz (a16z) Pulls $7.2B In New Funding: Will Crypto Benefit?

Daily Market Review: BTC, ETH, XRP, CORE, OKB

Top Trader Warns of Time Capitulation for Altcoins, Says Crypto Markets Not Seeing New Retail Inf...

Bitcoin Price Alert: Historical Trends Spell Trouble for BTC as Halving Looms

Debunking Claims About Satoshi Nakamoto’s Identity

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!