Bitcoin ETF

Spot

BlackRock

<ul> 
 <li>Spot Bitcoin ETFs saw a net inflow of $59.7 million as per Bloomberg on April 20.</li> 
 <li>Prior to halving, the price of BTC recovered, which coincided with the favorable influx.</li> 
</ul> 
After suffering outflows earlier in the week, spot <a href="https://thenewscrypto.com/the-bitgert-coin-revolution-post-bitcoin-halving-expectations/" target="_blank" rel="noreferrer noopener">Bitcoin</a> exchange-traded funds (ETFs) in the U.S saw a rebound on Friday with inflows of about $60 million. As investors rejoice over Bitcoin’s fourth successful halving, BlackRock (IBIT) and Fidelity (FBTC) saw increased inflows. 
Bloomberg and Farside Investors reported on April 20 that spot Bitcoin ETFs saw a net inflow of $59.7 million. Buying activity in the eleven spot Bitcoin ETFs that are listed had a comeback on Friday. Prior to Bitcoin’s halving, the price of BTC recovered, which coincided with the favorable influx. 
<h3 class="wp-block-heading" id="h-investors-optimistic-nbsp">Investors Optimistic&nbsp;</h3> 
A far larger amount of money flowed into the Fidelity Bitcoin ETF (FBTC) than into the iShares Bitcoin ETF (IBIT) run by <a href="https://thenewscrypto.com/blackrock-adds-wall-street-giants-to-spot-bitcoin-etf-prospectus/" target="_blank" rel="noreferrer noopener">BlackRock</a>. An increase over the previous three days’ meager influx, BlackRock saw a $29.3 million inflow. Bitcoin holdings increased by more than 17.55% and BlackRock’s net inflow surpassed $15.42B after the most recent influx. 
Inflows of $54.8 million were reported by Fidelity Bitcoin ETF (FBTC), $12.5 million by Ark 21Shares Bitcoin ETF (ARKB), and $4.9 million by Bitwise Bitcoin ETF (BITB). On Friday, Grayscale GBTC’s outflows were even slower. The amount of money leaving GBTC has dropped from $90 million the day before to $45.8 million. 
This brings the total amount of money leaving the <a href="https://www.grayscale.com/" target="_blank" rel="noreferrer noopener nofollow">Grayscale</a> BTC ETF to $16.70 billion. The market is still anticipating strong inflows, despite Grayscale CEO <a href="https://fortune.com/ceoi/michael-sonnenshein#:~:text=Michael%20Sonnenshein%20is%20CEO%20of,single%2Dasset%20and%20diversified%20products." target="_blank" rel="noreferrer noopener nofollow">Michael Sonnenshein’s</a> estimation that outflows in the GBTC ETF have peaked and a slowdown is expected. 
Despite modest trading volumes in spot and futures, latest data suggests a general optimistic mood. This is mainly due to worries over the Israel-Iran tensions. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/the-bitgert-coin-revolution-post-bitcoin-halving-expectations/" target="_blank" rel="noreferrer noopener">The Bitgert Coin Revolution: Post-Bitcoin Halving Expectations</a>

Spot Bitcoin ETFs Inflow Surges Amidst Successful Halving Event

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