Capital growth in the spot Bitcoin ETF sector
Date: 2024-04-05 Author: Oliver Abernathy Categories: BLOCKCHAIN
On April 3, 2024, inflows into 10 spot Bitcoin ETFs increased to $113.7 million, following a period of outflows in the sector.
New Trends
Net daily capital inflows in the spot Bitcoin ETF sector reached $113.17 million, recovering from the decline in previous days, SoSo Value noted.
Among the leaders in terms of inflows of funds is Fidelity Bitcoin Spot ETF (FBTC) with $116.67 million, followed by iShares Bitcoin Trust (IBIT) with $42.03 million. However, some data remains unupdated.
Reducing Churn
Capital outflows from the Grayscale Bitcoin Trust ETF (GBTC) fell to $75.14 million, reaching their lowest level since late February 2024.
It was previously noted that the trading volume in the sector in March 2024 amounted to $111 billion, but activity began to decline, possibly due to the fall in the Bitcoin rate and the upcoming halving.
