On April 1, stock exchanges registered significant outflows and inflows in Bitcoin and Ethereum ETFs, accompanied by an increase in cryptocurrency prices.
Current Trends in Bitcoin ETFs
The data shows that on April 1, Bitcoin ETFs experienced a net outflow of 279 BTC, which is approximately $23.14 million. The ARK 21Shares Bitcoin ETF led this outflow. While ARKB withdrew significantly, the iShares Bitcoin Trust received an inflow of 182 BTC. Over the last 7 days, IBIT emerged as a leader with a gain of 1,955 BTC. Fidelity’s FBTC remained robust, adding 218 BTC over 7 days. Among other funds, Grayscale’s GBTC continued its 17-day streak of outflows, shedding 28 BTC last day.
Ethereum ETFs: Growing Interest
While Bitcoin ETFs stagnated, Ethereum ETFs saw significant investments. On April 1, a net daily inflow of 6,267 ETH, or $11.61 million, was recorded. The Fidelity fund showed the highest single-day increase with 3,498 ETH. Grayscale’s Ethereum Trust also supported the market with an inflow of 2,251 ETH. However, the mini trust disclosed an outflow of 6 ETH.
Bitcoin and Ethereum Price Increase
Bitcoin climbed to $84,846.06 after a 1.91% rise in the last 24 hours. Ethereum saw a 3.65% daily gain to $1,911.03. Increased investor interest and circulation numbers contribute to the rise in cryptocurrency values.
Despite current market fluctuations, interest in Bitcoin and Ethereum ETFs remains high, and the price rise emphasizes the appeal of these assets to investors.
