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Bitcoin ETF Net Inflows Surge: Spot On Chain Data Reveals Trends

Published 04/03/2024, 06:19 PM
Updated 04/03/2024, 06:45 PM
© Reuters.  Bitcoin ETF Net Inflows Surge: Spot On Chain Data Reveals Trends

  • Bitcoin ETFs show net inflows of 39M, showing a renewed investor confidence.
  • Grayscale Bitcoin Trust (GBTC) records lowest single-day outflow in 14 days.
  • BlackRock CEO Larry Fink has expressed surprise at Bitcoin ETF surge, highlighting crypto’s impact on traditional finance.

Bitcoin exchange-traded fund (ETF) net inflows experienced a notable surge on April 2, 2024. According to spot-on chain data finally sees a $39 million inflow after a constant outflow for 2 days as the investor sentiment takes a hit within the cryptocurrency market.

The latest data unveiled a significant uptick, with BTC ETF net inflow standing at a remarkable $39 million, showing a swift reversal from the previous day’s negative trend. On April 1, 2024, net inflows had plummeted to 88 million highlighting a downturn in in…

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