🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BlackRock Bitcoin ETF Registers Zero Inflow for Fourth Straight Trading Day

Published 04/30/2024, 06:56 PM
Updated 04/30/2024, 07:15 PM
BlackRock Bitcoin ETF Registers Zero Inflow for Fourth Straight Trading Day
FIS
-
BEN
-
BTC/USD
-
ARKK
-
BITO
-
BTF
-

  • U.S. Bitcoin spot ETF market sees fourth consecutive day of outflows, totaling $52 million.
  • Bitwise, Franklin, and Valkyrie defy the trend with positive inflows amid ETF exodus.
  • Bitcoin’s continued price decline has influenced investors’ cautious approach to investing.

The U.S. Bitcoin spot exchange-traded fund (ETF) market has recorded the fourth consecutive day of negative inflow. Publicly available records have shown that on Monday, April 29, U.S. Bitcoin spot ETFs registered an outflow of approximately $52 million.

Of the ten U.S.-listed Bitcoin spot ETFs, positive flows were only observed from three issuers: Bitwise (BITB), Franklin (EZBC), and Valkyrie (BRRR). Cumulatively, these issuers registered a $10.7 million influx on Monday.

Meanwhile, asset managers like Fidelity (FBTC), Ark Invest (AKB), and Grayscale Investment (GBTC) saw significant outflows yesterday. Ark’s Bitcoin spot ETF has the largest negative flow on Monday with $31.3 million. Fidelity recorded a $4.9 million outflow.

Interestingly, Grayscale’s outflow on Monday dropped by over 50% from the value recorded in the previous trading day. In particular, Grayscale’s Monday outf…

The post BlackRock Bitcoin ETF Registers Zero Inflow for Fourth Straight Trading Day appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.