Bitcoin ETFs have experienced significant activity recently, with a notable shift in inflow and outflow patterns. BlackRock's IBIT and FBTC have seen substantial buying, with IBIT purchasing $42 million worth of Bitcoin, marking its continued buying streak for 58 days straight since the ETF's launch. FBTC's acquisition amounted to $117 million, the most since March 26. Conversely, GBTC reported a sell-off of $75 million, its lowest since February 26. This activity contributed to Bitcoin ETF holdings reaching an all-time high of $12.2 billion. The market also witnessed a daily net inflow of $113.5 million, indicating a bullish sentiment among investors. Genesis, a significant player, completed the sale of $2.1 billion of its Grayscale Bitcoin ETF holdings, acquiring over 32,041 Bitcoin, which has been linked to the recent selling pressure on GBTC. This flurry of transactions underscores the growing interest and investment in Bitcoin ETFs, reflecting optimism in the cryptocurrency market.
HUGE: Blackrock with 4,500 #BTC Daily inflow We are so back! 🚀 https://t.co/4ewx27ZIKT
🚨 BlackRock’s Spot #Bitcoin ETF saw $309 million in inflows today
$198.6 million is a much bigger outflow for $GBTC than I would have expected. It’s the gift that keeps on giving! https://t.co/B6ZGejGllI
NEW: Bloomberg ETF analyst James Seyffart says massive daily GBTC #Bitcoin ETF selling is likely to slow. Bullish 🚀 https://t.co/AVEREqEVGU
NEW: Bloomberg's James Seyffart says GBTC daily outflows are likely to be smaller than $100 million from here on out, now that the bankruptcy sales are over 👀 https://t.co/fF0XGnD8LE
🚨 Genesis has finished selling their gBTC and acquired 32,041 #Bitcoin
Genesis has completed the redemption of its 36M shares of $GBTC and used the proceeds to buy over 32,000 #bitcoin, according to new court documents. @cheyenneligon reports https://t.co/Q6f27HBaVY
Explains a lot of the GBTC selling https://t.co/gEP7cT8zox
Bankrupt Genesis Sold GBTC Shares to Acquire 32,041 Bitcoin: BBG
>$200mil net inflows for the Bitcoin ETFs yesterday Looks like the GBTC whales have stopped selling (supposedly Genesis dumped over $2.1billion of GBTC). The overhang has finally gone? WSFB if so https://t.co/TG94sKqx8S
Looks like we're heading for another positive NET inflow for the spot $BTC ETF's for today, April 5. I don't think I even remember life without the ETF's buying so much daily. Just wait til the supply shock trickles through the system after our halving in a few weeks. Price…
This explains the lower $GBTC outflows. Genesis is done selling.👇 https://t.co/xEvCxtHOVq
New on chain meta from @ArkhamIntel : The Genesis GBTC Redemption wallets are now on @ArkhamIntel - @KrollWire bankcrupcy advisors frced the redemption of 32,000 worth of Bitcoin over the last 3 weeks - totalling $2.2b 👀 So blaming @Grayscale for the selling pressure was… https://t.co/RwBfIITT0U
JUST IN: Genesis has finished selling $2.1 Billion of its Grayscale Bitcoin ETF holding - Arkham Send it! 🚀
Confirms that the redemption is complete and what is coming out of $GBTC now is just "normal" outflows. The big outflows are over.* *might see some more big ones at big psychological levels like $100k for example (profit taking) https://t.co/xeAEm78hLe
Fidelity number finally in and it was +$106.6MM, bringing net bitcoin ETF inflows on Thursday to $213.4MM, the highest since March 27. And now, bring on the daily futures dump to spook the CZ hands right into those of Larry Fink's clients https://t.co/ayZ0iBj7Wp
ETF inflows are on the rise again. $BTC https://t.co/o0012CCXj0
We did have a $107m net inflow into BTC ETFs yday but feels like that number needs to be larger to get us out of the mud and move the needle. https://t.co/pyWTV0lHNg
NEW: GBTC’s 5-day moving average shows outflows are clearly slowing 👀 The worst of the bankruptcy sales may finally be over 🙌 https://t.co/2lPd0rqrxG
In less than three months, Bitcoin ETFs have captured more than 4% of the supply. YTD the balance of whales has climbed by 220k $BTC (~$14.2B), with 210k coming from ETFs The majority of the accumulation by Bitcoin whales has been driven by the spot Bitcoin ETFs. @intotheblock https://t.co/eY3ww6ohUC
“Bitcoin broke past its all-time high in March as the bitcoin ETFs saw a daily net inflow of over $1 billion, an amount higher than the inflow experienced from the launch date. As more participants seek to gain exposure to cryptocurrencies, the bitcoin ETFs provided easier access…
BlackRock #Bitcoin ETF $IBIT had positive inflows for 58 days straight since its launch There has never been an ETF to do that
IBIT inflow $141MM and almost 2x larger than GBTC outflow ($79MM). 3rd consecutive day of net inflows
ETF inflows likely well over $100m today (waiting on Fidelity’s FBTC). One of the more interesting reasons why we don’t see much outflows on ETFs compared to spot is that it’s an entirely American market that has to consider long-term vs short-term capital gains taxes.
🚨 GBTC Outflows Trending Down 1.1K #Bitcoin Today Average Outflows: 2K This Week 3.3K Last Week 6K Two Weeks Ago https://t.co/MDqCwvRLHQ
April 4 ETF Buyin Blackrock Inflows 2.1K #BTC Like Clockwork https://t.co/5Gq2932fmp
Looks like we have another positive #BTC ETF inflow day with $GBTC coming in slow at -75.1 and smaller firms piling in with decent size. Seeing $IBIT at 140M today pushing us over 100M positive inflow as we wait for $FBTC numbers in a few. IBIT numbers below. https://t.co/HEdc8cpvf6
Damn. That was quick. IBIT: ₿257,320 (1.2% of total supply) MSTR: ₿214,246 (1.0%) FBTC: ₿147,787 (0.7%) Astonishingly, Gulag Barry Trap Chamber (GBTC) still has ₿326,859 (1.6%)
Looking at Coinbase right now... I think we're gonna have a big ETF inflow day. $BTC
What will Bitcoin ETF’s mean for halving? This year marks the first halving where the market has seen significant interest among world-leading financial institutions with Bitcoin ETFs. Unprecedented crypto inflows from new investors and a new army of wealth managers now… https://t.co/jeTHKpb5cW
$113m of inflows yday, GBTC outflow still low...would be nice to see that number tick up. Total net inflow is $12.2bn since exception which marks a new high I believe. Table from @DegenzNFT https://t.co/Jkd2MnynAB
NEW: #Bitcoin ETF flows positive yesterday with $113m. Net flows have been flat for 11 trading days. https://t.co/3RiVha6wpK
GBTC outflows have reduced down to a trickle again (sub $100mil) Net inflows are back Breakout soon? https://t.co/xoX0MJhSdM
🚨 Breaking: Bitcoin ETFs bought $113.5 million worth of BTC yesterday. Bullish!🔥
Bitcoin ETF holdings just hit an all time high of $12.2B https://t.co/uImkTMVz2g
Sure enough: Blackrock's IBIT bought $42 million (has bought every single day single bitcoin ETF launch), FBTC bought $117 million (most since March 26) and GBTC sold $75MM (the least since Feb 26). https://t.co/jkPs0p3YdI
Interesting day seeing $GBTC slow down on their selling again at 75.1M (still aton in the tank) and $FBTC coming in with 116.7M to make up for it 42M from $IBIT putting us into back to back green inflow days with around 111M Buyers back from the long weekend? #BTC #ETFs https://t.co/ATlzVO3WdQ