Bitcoin ETFs Soar with $569.4M Inflows: A Promising Week for Crypto! After a brief stumble on April Fool's Day, U.S.
bitcoin ETFs are back in the game! The numbers speak for themselves, with a remarkable
$569.4 million flowing into these investment vehicles over just four days.
Starting off with a modest boost of
$39.5 million on April 2, the momentum quickly picked up. The next day, inflows surged to
$113.5 million, and by April 3, we were looking at an impressive
$213.4 million pouring in.
Amidst this positive trend, it's worth noting that
Grayscale's GBTC experienced a slight setback, seeing the largest outflow for the day. However, this didn't dampen the overall enthusiasm as Friday's inflows still stood strong at
$203 million, just shy of Thursday's figures.
Taking a step back to assess the bigger picture, it's fascinating to see how these ETFs are stacking up their bitcoin holdings. While GBTC may have had a rough day, it still holds a substantial
325,686.78 BTC. Meanwhile, Blackrock's IBIT boasts
259,381.18 BTC, and Fidelity-managed FBTC is safeguarding around
149,339 BTC.
All in all, despite some market turbulence earlier this month, the resilience of these 11 U.S.-based bitcoin ETFs is evident. With consistent inflows and sustained optimism, it seems that investors' appetite for crypto exposure remains unwavering.
