Bitcoin ETF

Grayscale Bitcoin Trust

Amidst anticipation of a post-halving value surge, Bitcoin ETF investments in the US turned positive, halting five days of outflows with $59.7 million inflows on April 19, led by FBTC gaining $54.8 million, as <a href="https://farside.co.uk/?p=997" target="_blank" rel="noreferrer noopener" data-wpel-link="external">reported</a> by Farside Investors. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img decoding="async" width="584" height="235" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/Spot-Bitcoin-ETF-Inflows-Surge-Over-59-Million-in-One-Day.png" alt="Spot Bitcoin ETF Inflows Surge Over 59 Million in One Day" class="wp-image-151354" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Bitcoin ETF Flow Table &nbsp;| Source :&nbsp;Farside Investors
 </figcaption>
 </figure>
</div> 
This positive trend contrasts with previous outflows, mainly from the Grayscale Bitcoin Trust ETF (GBTC), due to SEC approvals for spot Bitcoin ETFs. Notable inflows came from Bitwise Bitcoin ETF (BITB), ARK 21Shares Bitcoin ETF (ARKB), Invesco Galaxy Bitcoin ETF (BTCO), and Franklin Bitcoin ETF (EZBC). 
The <a href="https://www.cryptotimes.io/2024/04/20/bitcoins-840000th-block-halving-cuts-miner-rewards-by-50/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin block 840,000, marking</a> the fourth-ever halving on April 20, spiked network fees, with users spending 37.7 BTC (over $2.4 million) to secure space. 
The previous halving in 2020 saw Bitcoin’s value soar from $8,500 to about $69,000 in two years. This surge in ETF investments hints at a bullish sentiment post-halving, reflecting investor confidence in Bitcoin’s potential growth. 
Investors’ increased Bitcoin ETF investments signal a bullish outlook post-halving, reflecting confidence in Bitcoin’s growth potential. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/20/bitcoin-prices-set-to-surge-after-bitcoin-halving-bitwise-cio/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin Prices Set to Surge After Bitcoin Halving: Bitwise CIO</a> 
</blockquote>

Bitcoin Halving Spurs ETF Investments with $59.7M Inflows

The Crypto Times

Other articles published on Apr 20, 2024

Imminent Altcoin Surge - Essential Insights on Altcoin Season

SUI, BONK, And Borroe Finance – Expert Assessment Of The 3 Cryptocurrencies For Potential 10x Gains

Doge Day Sparks Dogecoin Rally – Can Elon Musk’s Tweet Propel Further Surge?

Analyst Introduces Strategic Bitcoin Investment Cycle Timed with Halving Events

Bitcoin Halving Complete, BTC Enters Recovery Phase, Bullish Times Ahead

New Memecoin Dominates Charts, SHIB Sees Yearly Climb While Dogwifhat Collapses

Join our free newsletter for daily crypto updates!