Bitcoin ETF Net Inflows Surge: Spot On Chain Data Reveals Trends
- Bitcoin ETFs show net inflows of 39M, showing a renewed investor confidence.
- Grayscale Bitcoin Trust (GBTC) records lowest single-day outflow in 14 days.
- BlackRock CEO Larry Fink has expressed surprise at Bitcoin ETF surge, highlighting crypto’s impact on traditional finance.
Bitcoin exchange-traded fund (ETF) net inflows experienced a notable surge on April 2, 2024. According to spot-on chain data finally sees a $39 million inflow after a constant outflow for 2 days as the investor sentiment takes a hit within the cryptocurrency market.
— Spot On Chain (@spotonchain) April 2, 2024
$BTC #ETF Net Inflow Apr 01, 2024: -88M!
• The net inflow turned negative again after being positive for 4 days.
• Grayscale Bitcoin Trust $GBTC experienced a single-day outflow of $302.6M, maintaining a strong selling pressure.
Follow @spotonchain and check out the… https://t.co/U2Fi6KHFqu pic.twitter.com/AnfX7ndUpg
The latest data unveiled a significant uptick, with BTC ETF net inflow standing at a remarkable $39 million, showing a swift reversal from the previous day’s negative trend. On April 1, 2024, net inflows had plummeted to 88 million highlighting a downturn in in…
The post Bitcoin ETF Net Inflows Surge: Spot On Chain Data Reveals Trends appeared first on Coin Edition.
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Bitcoin ETF Net Inflows Surge: Spot On Chain Data Reveals Trends
- Bitcoin ETFs show net inflows of 39M, showing a renewed investor confidence.
- Grayscale Bitcoin Trust (GBTC) records lowest single-day outflow in 14 days.
- BlackRock CEO Larry Fink has expressed surprise at Bitcoin ETF surge, highlighting crypto’s impact on traditional finance.
Bitcoin exchange-traded fund (ETF) net inflows experienced a notable surge on April 2, 2024. According to spot-on chain data finally sees a $39 million inflow after a constant outflow for 2 days as the investor sentiment takes a hit within the cryptocurrency market.
— Spot On Chain (@spotonchain) April 2, 2024
• The net inflow turned negative again after being positive for 4 days.
• Grayscale Bitcoin Trust $GBTC experienced a single-day outflow of $302.6M, maintaining a strong selling pressure.
Follow @spotonchain and check out the… https://t.co/U2Fi6KHFqu pic.twitter.com/AnfX7ndUpg
The latest data unveiled a significant uptick, with BTC ETF net inflow standing at a remarkable $39 million, showing a swift reversal from the previous day’s negative trend. On April 1, 2024, net inflows had plummeted to 88 million highlighting a downturn in in…
The post Bitcoin ETF Net Inflows Surge: Spot On Chain Data Reveals Trends appeared first on Coin Edition.
Read More
BlackRock’s Bitcoin ETF Surpasses Gold Rival With $6.96B in Inflows This Year