The cryptocurrency market has seen a significant influx of investments into Bitcoin ETFs, with a record inflow of $646 million in the past week alone, bringing the year-to-date total to $13.8 billion. BlackRock and Fidelity's Bitcoin ETFs have been particularly successful, with BlackRock purchasing 12,000 BTC and Fidelity 6,000 BTC. BlackRock's fund is nearing $18 billion in assets. Grayscale's gBTC ETF, holding 325,690 BTC worth ~$22B, has experienced average daily outflows of $262.8 million, raising concerns about its sustainability. Despite this, Bitcoin ETFs have managed to purchase 7,300 BTC worth $502 million this week, covering all BTC sold by Grayscale, all newly mined BTC, and an additional 2,000 BTC. This surge in ETF activity comes ahead of the Bitcoin halving in 12 days, amid aggressive buying of dips and record low supply on exchanges. The U.S. approval of 11 spot Bitcoin ETFs in January has attracted approximately $10 billion in net inflows within just two months, despite concerns over price manipulation and money laundering. Bitcoin's price has recently surged above $72,000.
🚨 BlackRock and Fidelity’s Spot #Bitcoin ETFs have now taken in inflows for 59 days straight putting them in the top 20 ETFS of all time 🤯🚀 https://t.co/CwSHxTvU5U
BlackRock’s Bitcoin fund nears $18bn in assets despite investors’ ‘wavering’ appetite for ETFs https://t.co/WKMY82Op4k
NEW: Santiment predicts high spot #Bitcoin ETF flows until the halving due to sustained high volumes since mid-March. Daily volume among top 7 ETFs is currently 💵 $3.19B. “Interesting to see whether a drop-off in ETF volume and on-chain volume will occur directly afterward.”
Bitcoin ETF Hype May be ’Moderating’ as Year-to-Date Growth Nears $14 Billion ► https://t.co/KG8HtjfT4S https://t.co/KG8HtjfT4S
Spot BTC ETFs have revolutionised the BTC landscape. Check out those volume bars - consistently over 2 billion daily for six weeks. This is just the beginning - promising times ahead. You know what to do. Buy and HODL. https://t.co/JsXGjVyq3c
FUN FACT: BlackRock and Fidelity's spot #Bitcoin ETFs have now taken in inflows for 59 days straight and are now in the top 20 ETFs of all time 🤯 https://t.co/qJcgvgZ2Eq
10 US #Bitcoin ETFs Amass Over 519,000 BTC, With Blackrock Leading at 50.81% https://t.co/7pWtxoWVIf
BlackRock’s #Bitcoin ETF is the most successful ETF launch in history Hands down https://t.co/DHtXuO2AoA
Digital asset investment products have reached a record inflow for the year after receiving $646 million from investors mainly interested in Bitcoin last week https://t.co/QUM44vQLc8
Ethereum-based investment products see negative outflows for the 4th straight week, totaling $22.5 million. https://t.co/vogqGICIa0
Apr 8 Update: #Grayscale decreased 1,172 $BTC(-$84M) and currently holds 325,687 $BTC($23.36B). #Blackrock added 4,556 $BTC(+$327M) and currently holds 263,937 $BTC($18.93B). 9 ETFs(Including #Grayscale) added 4,153 $BTC(+$298M). https://t.co/V9oC2QU7k5 https://t.co/OGsBpFnOD3
Another week and nearly $500M more net inflows into US spot bitcoin ETFs ahead of BTC’s latest rise above $72,000 https://t.co/MVYjrrZuhW
Commentary: The U.S. approved 11 spot Bitcoin ETFs in January, a hugely popular product that attracted approximately $10 billion in net inflows within just two months. But opponents caution that price manipulation and money laundering pose major risks. https://t.co/YSOPIzALyj
🚨 REPORT: @solana Digital Asset Investment Products recorded $4 million in inflows last week. Meanwhile, Ethereum saw $22.5 million of outflows. https://t.co/8kR764hmFE
#ETF Update: Santiment expects inflow to stay strong, #GBTC continues bleed ⚡️👀 Click below for the full report 📝👇 https://t.co/beIuq0mGAU https://t.co/vhRPFbzlj6
- Halving in 12 days - Dips bought up aggressively - OTC desks running dry - Supply on exchanges at record lows - 7 months green in a row - Massive ETF inflows - Most successful ETF launch in history - BlackRock and Fidelity’s ETF never had an outflow - FASB accounting…
Further US$646m inflows into Bitcoin ETFs, but signs of hype moderating https://t.co/gZEvJgr90T
Crypto investment products see record year-to-date inflows of $13.8 billion https://t.co/8JKNlpuJov
BREAKING: @ethereum DIGITAL ASSET INVESTMENT PRODUCTS SAW OUTFLOWS FOR THE 4TH CONSECUTIVE WEEK TOTALLING $22.5M THIS PAST WEEK, IN CONTRAST WITH @solana WHICH SAW $4M IN INFLOWS - PER @CoinSharesCo https://t.co/Yvn6Z3A97W
🚨JUST IN: CRYPTO INVESTMENT PRODUCTS SEE $646 MILLION NET INFLOWS LAST WEEK ~ COINSHARES
According CoinShares, last week saw an inflow of $646 million into digital asset investment products. The total inflow for this year has reached a record high of $13.8 billion. Bitcoin inflows amounted to $663 million, while short Bitcoin investment products experienced outflows…
Digital asset investment products saw inflows of $646m last week. $BTC remains the focus, seeing inflows totalling $663m $ETH saw outflows for the 4th consecutive week totalling $22.5m. $LTC, $SOL and $FIL, saw inflows of S$4.4m, $4m and $1.4m respectively. YTD = +$13.8B https://t.co/kDYl3Yb4iA
Blackrock Purchased 12,000 #Bitcoin Last Week. Fidelity, 6,000. If this was the first week of ETFs, that would be one thing. But we're three months in and they're not letting up. Yes GBTC has been selling but they can only sell once. When their selling is over we will witness… https://t.co/ZXY7f78fHW
BITCOIN ETFs BOUGHT 7300 BTC WORTH $502 MILLION THIS WEEK THEY BOUGHT - ALL BTC SOLD BY GRAYSCALE - ALL NEWLY MINED BTC - AN ADDITIONAL 2000 BTC
Grayscale's gBTC ETF still holds 325,690 #Bitcoin worth ~$22B at current prices. gBTC has seen average daily outflows of -$262.8M, meaning if outflows continue at their current pace it would take 84 more trading days for gBTC to completely run out of BTC. https://t.co/DIBi6RVCjn
#Bitcoin ETFs Overcome Early April Setback https://t.co/GPv2IAelpz