April marked a significant month for Bitcoin ETFs, experiencing widespread net outflows across various funds. The US spot Bitcoin ETFs saw $344 million in net withdrawals during the month, with a notable daily outflow of $51.6 million reported on the last Monday of April. Grayscale's Bitcoin Trust (GBTC) and ARK faced substantial daily outflows of $24.7 million and $31.3 million respectively. Additionally, the newly issued spot Bitcoin ETFs began to slow down in April, and BlackRock's IBIT ETF recorded its first net outflows of $36.9 million. This trend of outflows coincides with a 13,441 BTC decrease in Bitcoin under management for the month. US futures-based ETFs were particularly affected, registering the largest net monthly outflows of 9,952 BTC.
🚨 BlackRock's $IBIT spot #Bitcoin ETF has seen net outflows for the first time with -$36.9M for Wednesday.
US #Bitcoin ETFs Continue to See Persistent Outflows https://t.co/IQOeKYTH43
IBIT has now seen four consecutive days without any inflows. Anyone who bought $BTC spot ETFs in the last two months is currently underwater! https://t.co/EWXFYVPkEf
Spot bitcoin ETFs saw $344 million net withdrawals in April as flow reversal continued https://t.co/ikUAciriaz
April is 2024's first month of net outflows from BTC investment vehicles, as BTC under management saw a monthly decline of 13,441 BTC. US Futures-based ETFs saw the largest net monthly outflows, equivalent to 9,952 BTC, while US spot ETFs saw net monthly outflows of 6,648 BTC. https://t.co/tNB46jXrLG
Flows into the newly issued spot Bitcoin ETFs began to slow in April. The incumbent fund, Grayscale's $GBTC continues to see daily outflows. https://t.co/EftJ2O9zbc
US spot bitcoin ETF outflows continue with $51.5 million more exiting https://t.co/p2CCV7ad68
Spot #Bitcoin ETFs have continued their streak of net outflows with -$51.6M for Monday. What could be the next catalyst to cause inflows to return? https://t.co/kBQeuieGvu
Yesterday's ETF flows were negative once again for $51.6 million. $GBTC had $24.7 millions in outflows, ARK $31.3 million. Blackrock had a solid 0 again. Despite these dumps we're still at $63.6k. Hong Kong ETFs started trading a couple of hours ago, we see anticipation buys… https://t.co/QTyhXXaUc5