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Spot Bitcoin ETF Capital Inflows Reach $113 Million in One Day

Apr 4, 2024

As per SoSo Value, there has been a significant increase in capital inflows in the spot Bitcoin ETF sector, with Fidelity’s spot Bitcoin ETF leading the way with $116.6 million. iShares Bitcoin Trust also saw an influx of $42 million.

Conversely, capital outflows from the Grayscale Bitcoin Trust ETF hit a low of $75.1 million by the end of February. Additionally, net outflows from the ARK Invest (ARKB) Bitcoin ETF reached $87.5 million on April 2, surpassing GBTC for the first time. The total net inflow into spot Bitcoin ETFs amounted to $40.3 million, with significant contributions coming from BlackRock and Fidelity.

Negative trends have been observed in GBTC, as it has experienced outflows since the launch of spot BTC ETFs in the American market in January. The total outflows have exceeded $15 billion.

On April 1, investors withdrew around $300,000 from the ARK Invest fund, signaling a change in the outflow dynamics of the spot Bitcoin ETF market.

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