Apr 17, 2024
SOC Team
Bitcoin ETF Net Inflow Update on April 16, 2024
Outflow
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The Bitcoin Spot ETF Net Inflow on April 16, 2024, is recorded at -$58M!
Notably, below are a few key updates on the statistics of 10 Bitcoin Spot ETFs:
- The net inflow has been negative for 3 consecutive trading days as the BTC price continues on a declining trend.
- The cumulative total net inflow after 66 trading days further dropped to $12.43B.
- Both Grayscale Bitcoin Trust (GBTC) and BlackRock iShares Bitcoin Trust (IBIT) reduced the respective single-day outflow and inflow to below $100M.
- Other Bitcoin ETFs have started to show flows again, notably with ARK 21Shares Bitcoin ETF (ARKB) experiencing an outflow of $12.9M after 3 days of zero net flows.
Follow @spotonchain and check out the latest data via this link.
Fig 1. 30-Day Net Inflow of 10 Bitcoin ETFs.