The U.S. Bitcoin spot exchange-traded fund (ETF) market has recorded the fourth consecutive day of negative inflow. Publicly available records have shown that on Monday, April 29, U.S. Bitcoin spot ETFs registered an outflow of approximately $52 million.
Of the ten U.S.-listed Bitcoin spot ETFs, positive flows were only observed from three issuers: Bitwise (BITB), Franklin (EZBC), and Valkyrie (BRRR). Cumulatively, these issuers registered a $10.7 million influx on Monday.
Meanwhile, asset managers like Fidelity (FBTC), Ark Invest (AKB), and Grayscale Investment (GBTC) saw significant outflows yesterday. Ark’s Bitcoin spot ETF has the largest negative flow on Monday with $31.3 million. Fidelity recorded a $4.9 million outflow.
Interestingly, Grayscale’s outflow on Monday dropped by over 50% from the value recorded in the previous trading day. In particular, Grayscale’s Monday outf…
The post BlackRock Bitcoin ETF Registers Zero Inflow for Fourth Straight Trading Day appeared first on Coin Edition.
The U.S. Bitcoin spot exchange-traded fund (ETF) market has recorded the fourth consecutive day of negative inflow. Publicly available records have shown that on Monday, April 29, U.S. Bitcoin spot ETFs registered an outflow of approximately $52 million.
Of the ten U.S.-listed Bitcoin spot ETFs, positive flows were only observed from three issuers: Bitwise (BITB), Franklin (EZBC), and Valkyrie (BRRR). Cumulatively, these issuers registered a $10.7 million influx on Monday.
Meanwhile, asset managers like Fidelity (FBTC), Ark Invest (AKB), and Grayscale Investment (GBTC) saw significant outflows yesterday. Ark’s Bitcoin spot ETF has the largest negative flow on Monday with $31.3 million. Fidelity recorded a $4.9 million outflow.
Interestingly, Grayscale’s outflow on Monday dropped by over 50% from the value recorded in the previous trading day. In particular, Grayscale’s Monday outf…
The post BlackRock Bitcoin ETF Registers Zero Inflow for Fourth Straight Trading Day appeared first on Coin Edition.