On March 31, spot Bitcoin ETFs recorded a combined net outflow of $60.6 million. IBIT posted an inflow of $15.1 million, while BITB had an outflow of $19.9 million. ARKB lost $23.2 million, and BTCW shed $32.6 million. Other issuers showed zero net activity. These flows followed the $93.2 million outflow on March 28, which ended a 10-day streak of positive inflows.

On April 1, total net outflows rose to $157.8 million. FBTC registered a $85.4 million outflow, reversing the pattern seen with IBIT a day earlier. BITB swung to a positive $24.5 million compared to its March 31 outflow. ARKB dropped $87.4 million. EZBC saw a $7.4 million inflow. BTCW lost $6.8 million, adding to its prior day outflow. GBTC recorded a $10.1 million outflow, and all other issuers stayed flat.

These consecutive red days mark a departure from the earlier stretch between March 17 and 27, when nearly all funds accumulated inflows. That positive run built on steady optimism, but the $93.2 million drawdown on March 28 has now extended into additional negative sessions. While a handful of ETFs registered inflows on March 31 and April 1, their gains did not offset the larger losses at other funds.

The data for both days indicate investor appetite for Bitcoin ETFs has cooled. Funds with inflows were isolated, while those with outflows contributed to a net decline. This leaves the market with two straight red days, confirming a shift away from the previously consistent inflows seen during mid-March.

The post Bitcoin ETFs continue outflow trend with two more red days appeared first on CryptoSlate.

Coinspeaker
GameStop’s $1.5B Bet on Bitcoin Pushes GME Stock Price

According to a filing with the US Securities and Exchange Commission (SEC), GameStop completed its $1.5 billion fundraising on April 1 via a private offering, exempt from SEC registration.

The proceeds were invested in 0.00% convertible senior notes due on April 1, 2030. The notes were offered at $1,000 each. This means the investment will not carry any interest rate and the value will remain the same, per the SEC filing.

GameStop Corp (NYSE: GME) stock rose 0.57% to $22.74, according to MarketWatch data. On March 27, the company’s stock price plunged from $28.36 to $22.09 as it announced its plans to create a Bitcoin reserve.

Despite the stock crash, GameStop set its initial conversion rate at 33.4970 shares per $1,000, with $29.85 per share. The filing says that the rates might increase in special cases like a corporate event.

The retailer can’t redeem the notes before April 6, 2028. After that, GameStop can redeem the notes if the stock trades at 130% of the conversion price for 20 out of 30 trading days.

Investors can ask GameStop to repurchase the notes in April 2028 or after a “fundamental change”.

According to the filing, the notes are unsecured and subject to default risks. Events of default include missed payments, failure to convert, major company structural changes, or insolvency.

Upon conversion, GameStop might need to issue up to 69 million company shares.

Joining the Whales

GameStop could enter the list of the top Bitcoin BTC $84 650 24h volatility: 0.6% Market cap: $1.68 T Vol. 24h: $27.06 B whales like the US government, Strategy (formerly MicroStrategy) and Tether, the company behind the largest stablecoin USDT.

The video game retailer could accumulate over 17,700 Bitcoin at the current price point. Bitcoin is currently trading at $84,400.

Michael Saylor’s Strategy is leading the list with 528,185 BTC, worth $44.5 billion, according to Saylor Tracker data. The company’s latest purchase of 22,048 BTC came on March 31.

Tether also reported accumulating 8,888 BTC, worth roughly $735 million, in the first quarter of 2025. This brings the USDT issuer’s Bitcoin reserve to 92,647 BTC, worth $7.64 billion.

GameStop’s $1.5B Bet on Bitcoin Pushes GME Stock Price