Flow

Bitcoin

Spot

In the week ending April 26, 2024, Bitcoin Spot ETFs in the U.S. faced significant net outflows totaling $328 million, as reported by <a href="https://farside.co.uk/?p=997" target="_blank" rel="noreferrer noopener" data-wpel-link="external">Farside Investors</a>. 
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 <img fetchpriority="high" decoding="async" width="591" height="195" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/Bitcoin-Spot-ETFs-Witnessed-328M-Outflows-Last-Week.png" alt="Bitcoin Spot ETFs Witnessed $328M Outflows Last Week" class="wp-image-153163">
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 Bitcoin ETF Flow Table &nbsp;| Source :&nbsp;Farside Investors
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On April 22, there were $62.02 million in net inflows, with Grayscale’s GBTC seeing outflows of $35 million and Fidelity’s FBTC gaining $34.8 million. BlackRock’s IBIT ETF also had a $19.7 million inflow. 
On Tuesday, April 23, Farside UK data showed net Bitcoin ETF inflows of $31.6 million, led by BlackRock’s IBIT and Ark 21Shares’ ARKB. Wednesday saw net outflows of $120 million, with GBTC leading the outflows. 
By Thursday, outflows intensified to $217 million across all 10 Spot Bitcoin ETFs, led by GBTC’s $139.4 million outflow. Friday showed continued outflows, totaling $83.6 million, except for ARKB, which had a $5.4 million inflow. 
Investor concerns grew amid a crypto market sell-off and the <a href="https://www.cryptotimes.io/2024/04/27/dtcc-bars-bitcoin-linked-etfs-as-collateral/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">DTCC’s new collateral</a> valuation rules for BTC ETFs, causing unease. These developments reflect a volatile period for Bitcoin ETFs, likely influencing broader market sentiment. 
The scene is uncertain, with potential reversals in ETF flows expected as Bitcoin faces increased volatility and potential downward trends. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/26/ark-dumps-proshares-bitcoin-etf-shares-in-massive-sell-off/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">ARK Dumps ProShares Bitcoin ETF Shares in Massive Sell-Off</a> 
</blockquote>

Bitcoin Spot ETFs in the U.S. Witnessed $328M Outflows Last Week

The Crypto Times

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