Outflow of funds from spot Bitcoin ETFs reached almost $224 million
Date: 2024-04-10 Author: Oliver Abernathy Categories: BUSINESS
With outflows rising from Grayscale Investments' GBTC fund of more than $15.8 billion, the Bitcoin ETF recorded a net daily outflow of $223.85 million on April 8, 2024, according to SoSo Value, the first negative figure in a year. four trading days.
Outflow trend after inflow period
Between April 2 and April 5, Bitcoin funds attracted $569.17 million in funds, however, according to SoSo Value, since April 8, the outflow of funds into spot Bitcoin ETFs continued for the second week in a row.
Distribution of funds by Bitcoin ETF
According to SoSo Value, the BITB crypto fund from Bitwise became the leader in capital inflows, adding $40.33 million to its balance sheet, the total assets of which reached $1.7 billion. In second place is iShares Bitcoin Trust (IBIT) from BlacRock with an inflow of $21 .27 million, and in third place was an investment product from Ark Invest and 21 Shares with $9.33 million. The remaining Bitcoin ETFs raised a total of $8.57 million.
Analysts at Santiment previously predicted that capital inflows into spot Bitcoin ETFs would continue until the halving.
