Recent trends in the Bitcoin ETF market have shown significant outflows, with a total net outflow of $165 million recorded on one of the days, marking it as one of the largest outflow days on record. Notably, the Grayscale Bitcoin Trust (GBTC) experienced substantial outflows, totaling $133.1 million, while the Ark Invest Bitcoin ETF (ARKB) saw $42.7 million exit. This negative trend was also observed in the Bitwise Bitcoin ETF (BITB), which registered its first-ever day of outflows at $7.3 million. Despite these outflows, BlackRock's IBIT ETF managed to attract inflows of $18.8 million and Fidelity's FBTC ETF saw inflows of $37.4 million, albeit at a reduced rate of $18.1 million, the lowest so far for the IBIT fund. This period of outflows contrasts with the earlier part of the year when Bitcoin ETFs saw unprecedented demand, leading to over $55 billion in accumulations and driving Bitcoin prices to new highs.
Spot #Bitcoin ETFs Record 5 Consecutive Day of Outflows; Analyst Declares Cool-Off 'Totally Normal' https://t.co/tA7uBNsEKH
NEW: 🇺🇸 BlackRock’s #Bitcoin ETF makes up 24% of their TOTAL net flows for all ETFs in just 4 months - Bloomberg’s @EricBalchunas Just getting started… 🔥
#Bitcoin ETFs hold 851k BTC, 4.3% of circulating Bitcoin. After strong starts with inflows up to $2.5B, there's a slowdown since March. With Bitcoin at $60k after a drop, are more corrections ahead? Explore in our 'Spotlights' series:👇 https://t.co/nKg3trM1QL https://t.co/jwKT6SVzkL
Yesterday’s ETF Flows came in at -$4.3M. $IBIT Took in +$18.8M and is still continuing its streak of inflows. $FBTC Took in +$37.4M $GBTC Saw a -$90M outflow. https://t.co/NV7MkTKnlI https://t.co/4cxnwvurqt
Data published by @FarsideUK shows that U.S.-listed $BTC spot ETFs registered a cumulative net outflow of $4.3 million on Thursday. reports @godbole17. https://t.co/ohJCSXcJuG
#Bitcoin ETFs had a very small outflow of -$4.3 million yesterday
Yesterday's ETF flows by @FarsideUK We had another negative day with $4.3 million of outflows $GBTC had $90 million of outflows. Fidelity finally had some decent inflows with $37.4 million. After yesterday having outflows Ark and Bitwise had some small inflows again.… https://t.co/hz3eAmtBe3
JUST IN: GBTC outflow of -$90 million today 👀😮 https://t.co/WUbDvlo8WX
Glassnode: ETFs are key players in the market whose activities could overshadow the historical impact of the halving. In comparison to past halvings, the landscape of Bitcoin's market dynamics has matured significantly, potentially reducing the direct impact of new Bitcoin… https://t.co/B1VsRacq3l
In the last 6 months, #Bitcoin surged by 136% The rise was mainly driven by ETFs, but as we near another halving, we've explored its implications, including: ⚙️ Halving process mechanics 📈 Historical impact on price ⛏️ Effects on miners
The Ark 21 Shares Bitcoin ETF (ARKB) has seen two straight days of outflows amounting to $55 million. That's the first time it's seen two days in the red since the start of the month. Read more: https://t.co/0OKJSKjEWg
Despite a slowdown in daily inflows, @BlackRock’s IBIT ETF is closing in on @Grayscale’s GBTC. https://t.co/3mTGDvAlck
Ark Invest Bitcoin ETF Sees Second Day of Outflows ► https://t.co/BWuRv7mUoS https://t.co/BWuRv7mUoS
NEW: Yesterday marked the fourth largest day of outflows for #Bitcoin ETFs on record, with $165 million exiting the funds 👀😮 https://t.co/8bibck0294
Bitwise's spot bitcoin ETF registers first daily outflows as negative streak continues https://t.co/tXYHlbB4l2
Since being converted into a spot #Bitcoin ETF, GBTC has lost half of the BTC it held to outflows. It is expected that BlackRock's IBIT will pass GBTC to become the largest spot BTC ETF within the next two weeks or so. https://t.co/rSpa3xOJQp
After Another Day of Outflow, IBIT Nears GBTC as Potential Leader in Spot #Bitcoin ETF Market https://t.co/bnBfk2SnPT
Yesterday's Bitcoin ETF flows were negative again for $165 million. $GBTC had 133.1 million of outflows, Ark $42.7 million and for the first time Bitwise also had a negative day with $7.3 million. Blackrock was the only one with inflows but had their lowest so far with $18.1… https://t.co/FkohJB6XDS
Bitcoin ETF Flow (US$ million) - 2024-04-17 TOTAL NET FLOW: -165 (Provisional data) IBIT: 18.1 FBTC: 0 BITB: -7.3 ARKB: -42.7 BTCO: 0 EZBC: 0 BRRR: 0 HODL: 0 BTCW: 0 GBTC: -133.1 DEFI: 0 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk
$BTC ETFs -$164.9m net flows 2nd consecutive negative flow day for $ARKB 1st ever negative flow day for $BITB Larry still alive and thriving w/+$18.2m https://t.co/11HClk4LCQ
🟠 The approval of Bitcoin ETFs earlier this year, coupled with unprecedented demand, has led ETF issuers to accumulate over $55B (4.2% of circulating supply) in just 3 months, driving BTC to new all-time highs. Read more about #BitcoinHalving’s impact on ETFs from @AliTslm:… https://t.co/Nbzt15mGB2
Unless $IBIT or $FBTC comes in with some face melting numbers we are likely rolling into our 4th straight ETF OUTFLOW day.. Bitwise came in with their first ever outflow day and Ark came in with -43M outflow today as well. Will the final numbers send us sub 60k? https://t.co/VbKdjf3RBh
Huge Bitcoin ETF outflow