BlackRock’s Bitcoin ETF is the only fund with inflows since Friday

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BlackRock’s Bitcoin ETF has been the only U.S. Bitcoin fund to post inflows, but it hasn’t been enough to outpace outflows from Grayscale’s GBTC.

The iShares Bitcoin Trust has seen two-day inflows reach $184.5 million — and is also the only U.S. spot Bitcoin ETF to see inflows so far this week.) exchange-traded fund has been the only United States-based spot Bitcoin fund to see inflows over the past two days, with all other ETFs posting zero inflows or lower.

The iShares Bitcoin Trust posted net inflows of $73.4 million on April 15, down from the $111.1 million the day prior. The eight other ETFs — bar Grayscale’s — posted $0 flows over the past two days, per Farside Investors However, IBIT’s inflows weren’t enough to outpace outflows from the Grayscale Bitcoin Trust . It saw $110.1 million in outflows on April 15, slowing from April 14’s $166.2 million.

IBIT’s two-day flows in the second column with GBTC’s third from the right. Total flows are in the far right column. Source: Farside Investors. All 10 spot Bitcoin ETFs saw net outflows across April 14 and 15 — $55.1 million and $36.7 million, respectively.The recent outflows for U.S. Bitcoin ETFs follow a rollercoaster weekend for Bitcoin, which is down 11.6% on the week to $63,410, per CointelegraphButterfill reported all combined crypto investment products saw net outflows of $126 million last week, and week-on-week volumes perked from $17 billion to $21 billion.

Source: Digital Coin News (digitalcoinnews.net)

 

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