U.S. Bitcoin ETFs experienced significant outflows, with a record single-day outflow reported. Grayscale's Bitcoin Trust (GBTC) alone saw outflows of $804 million this week, contributing to a total of $563 million in losses across various funds including BlackRock, Fidelity, and Ark. Despite these outflows, the Hong Kong market showed strong performance in its first week of trading Bitcoin and Ethereum ETFs, attracting $292 million in inflows on the first day. This marked a significant achievement, nearly reaching 30% of Bloomberg's two-year forecast of $1 billion in assets under management.
Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak https://t.co/c0vZDh0umY
I dont think anybody had this on their bingo cards yesterday Just 2 days after -563m outflows we get +378m inflows w/ GBTC being green as well Boomers cant affect the markets over the weekend. GL to us https://t.co/P9DyqD7rQD
💥BREAKING💥 Grayscale’s #Bitcoin ETF had its first inflow after 77 days https://t.co/GSYI8vEzFD
US #Bitcoin ETFs had a massive inflow of $378.3 million yesterday And $GBTC even had an inflow. Wow
🚨 Spot #Bitcoin ETFs have ended their streak of outflows with inflows of +$378.3M for Friday. This was the largest day of inflows since March 26th. https://t.co/HDnrBcLGm2
I believe this is the first time GBTC have inflows since they converted to an ETF? https://t.co/mahXIEvd0E
Yesterday, the spot Bitcoin ETF received a total of $378.3M in inflows. https://t.co/Y1sGYUdBJD https://t.co/Sm4lX2I7ZN
𝗠𝗮𝘆 𝟮, 𝟮𝟬𝟮𝟰 ➜ No #Bitcoin ETFs had an inflow; even BlackRock experienced an outflow. 𝗠𝗮𝘆 𝟰, 𝟮𝟬𝟮𝟰 ➜ No Bitcoin ETFs had an outflow; even #GBTC experienced its first inflow. That's how fast things change in crypto.
📣 Latest News: Grayscale's GBTC stops bleeding: First inflow since launch #news #cryptonews #crypto
Grayscale Investments saw $63 million in GBTC inflows after nearly four months of outflows following the launch of the Bitcoin ETF. https://t.co/noCeLGPSjG
According to sosovalue, as of May 3, the total net assets of the three Bitcoin spot ETFs in Hong Kong were US$250 million, held approximately 4,225 BTC. The total net assets of the three Ethereum spot ETFs in Hong Kong are US$48.52 million, held approximately 16,000 ETH.…
Yesterday's ETF flows by @FarsideUK were completely positive. We had $378.3 million of inflows. $GBTC had its first positive inflow with $63 million which is very surprising considering their extremely high fees. Obviously no one with a brain would invest with them, however… https://t.co/Z2bLga40SK
Bitcoin ETF Flow (US$ million) - 2024-05-03 TOTAL NET FLOW: 378.3 (Provisional data) IBIT: 12.7 FBTC: 102.6 BITB: 33.5 ARKB: 28.1 BTCO: 33.2 EZBC: 60.9 BRRR: 35.6 HODL: 8.7 BTCW: 0 GBTC: 63 DEFI: 0 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk
Well, that was unexpected. Grayscale's #Bitcoin ETF had its first day of inflows yesterday. Are we... Could we possibly be... back?
🚨 #Bitcoin ETFs Update (May 3) Total Net Flows to All ETFs + 6,124 #BTC ($378M) ETFs Hold 824,600 Bitcoin FBTC Buys 1660 BTC GBTC Buys 1020 BTC 🤯 EZBC Buys 990 BTC BRRR Buys 580 BTC BTCO Buys 540 BTC BITB Buys 520 BTC ARK Buys 455 BTC IBIT Buys 205 BTC https://t.co/7rki2lHnEs
🚨 #Bitcoin ETFs Update (May 3) Total Net Flows to All ETFs + 6,124 #BTC ($378M) ETFs Hold 824,600 Bitcoin FBTC Buys 1660 BTC GBTC Buys 1020 BTC 🤯 EZBC Buys 990 BTC BRRR Buys 580 BTC BTCO Buys 540 BTC BITB Buys 520 BTC ARK Buys 455 BTC Blackrock Buys 205 BTC https://t.co/iLWHmlWt5O
✅ # of Bitcoin held by ETFs👇 930,083 $BTC on 5/3/2024 ✅ https://t.co/z7vdbAeVIY
First $GBTC inflow Source: @FarsideUK https://t.co/OjEDUsTJVz
$BTC ETFs +$378.5m net inflows today - First positive net inflow day since April 23rd - Largest net inflow day since March 26th - First inflow day for $GBTC since conversion - Largest inflow day since inception for $EZBC https://t.co/wATtWyXv9k
Hong Kong 🇭🇰 Bitcoin ETFs hold 4,218 #Bitcoin after 3 days👇 https://t.co/D3SlpLiwdb
✅BREAKING: Ladies and Gentleman! After 78 days of outflows, $GBTC posted the first INFLOW today https://t.co/aOV57uLDBt
Grayscale Bitcoin ETF $GBTC sees positive inflows for the first time in like ~80ish days! See for yourself! 👇 https://t.co/wirPBSSDjv
GBTC inflow 1) what https://t.co/YCYlTZCl95
GBTC outflow streak is OVER…. Took in $63mil. “The Bitcoin Shining” can now be hung in a museum. https://t.co/ObwbfBD47N https://t.co/CO7M2nVm8j
Now it is clear why #BITCOIN was showing strength today. It was indeed because GBTC 78 days outflow streak was broken https://t.co/piY6F2cfaO
Grayscale Bitcoin ETF Snaps Losing Streak, Pulls In $63 Million ► https://t.co/KJeRnkIGRs https://t.co/KJeRnkIGRs
The Grayscale Bitcoin Trust $GBTC just had its first day of inflows in more than 2 months
Thought this would happen today, but then out of nowhere $GBTC has an inflow day, to defend its lead... https://t.co/Bu1YCd6DMa
Thought this would happen today, but then out of knowhere $GBTC has an inflow day, to defend its lead... https://t.co/Bu1YCd6DMa
$GBTC positive flow https://t.co/pUCjDu2N4g
$GBTC was just about to lose its crown as the largest Bitcoin ETF to $IBIT and then out of knowhere, it has its first inflow day!! https://t.co/cK4b7bgT3G
After 78 days of consecutive outflows, suddenly we have an INFLOW day!!! Why would anyone buy GBTC??? https://t.co/mw90Vsn9Jm
Holy crap $GBTC had inflows today. Their 80 day-ish streak is finally over. I had to run my eyes and double check the data but it’s true. https://t.co/I4TTU4q5Q1
After 77 days of consecutive outflows, suddenly we have an INFLOW day!!! Why would anyone buy GBTC??? https://t.co/mw90Vsn9Jm
GBTC INFLOW OF US$63m!!!!
GBTC Inflow. I've seen it all. https://t.co/6PDLNhUKux
The CEO of .@krakenfx's @CFBenchmarks sees the Hong Kong crypto ETFs reaching $1 billion in AUM by the end of the year. https://t.co/JbFUASVUJV
💥 5/3 THREAD tracking Bitcoin ETF inflows/outflows: Another interesting day w/ $BTC up 5% . . . 🍿 https://t.co/bwqNUrxDpq
🗞️ @Coinbase reports $1.2 billion in Q1 🗞️ @krakenfx's indices provider predicts that spot ETF products in Hong Kong will reach $1 billion in AUM 🗞️ @blocks doubles down on #bitcoin @JennSanasie has today's top crypto headlines on "CoinDesk Daily" 👇 https://t.co/AW9nQFyUHa
Amazing how fast BTC ETF flows have changed. GBTC is currently trading at the same premium as IBIT. If buying sustains through EOD, we could see the first inflows into GBTC. Keep in mind it has lost 52.7% of its BTC this year. Nonetheless, GBTC inflow could be a bullish signal.
May 3 Update: 9 ETFs decreased 2,350 $BTC(-$144.56M). #Grayscale decreased 2,950 $BTC(-$181.4M) and currently holds 292,176 $BTC($17.97B). https://t.co/EYQTaMwxyp https://t.co/O3FsqVkyYV
JUST IN: 🇭🇰 Hong Kong-based asset managers report buying $112 million worth of US-based spot #Bitcoin ETFs.
Here are the top 3 #CryptoTrends from this week: ✅ Hong Kong’s market regulator has approved its first crypto-related spot ETFs 🇺🇸 U.S. lawmakers are urging the SEC to allow options trading on #Bitcoin ETPs 💸 U.S. Bitcoin ETFs saw $328 million in outflows after three weeks… https://t.co/cXHCanb341
JUST IN: 🇭🇰 Two Hong Kong based asset managers just reported owning us-based #Bitcoin ETFs. $38m by Yong Rong $74m by Ovata https://t.co/Ve3GR6721T
📊 U.S. Bitcoin ETFs, pivotal in January for pushing BTC to record highs, see a decline in new capital. Meanwhile, Hong Kong's recent launch of six BTC and ETH ETFs garnered a modest $12.7M on day one, starkly lower than the U.S. debut at $4.6B, according to @intotheblock https://t.co/iPxTKjlpAX
JUST IN: 🇭🇰 Two Hong Kong based asset managers just reported owning us-based #Bitcoin ETFs. $38m by Ron Jong $74m by Ovata https://t.co/1ZLcc3ZRqj
JUST IN: Hong Kong asset manager Yong Rong just reported owning $38m of BlackRock’s #Bitcoin ETF. The largest holding by an asset manager in quarterly filings so far. 🫡 @EricBalchunas https://t.co/QffUWpxvdb
New high water more bitcoin ETF holders just rolled in: Yong Rong Asset Management based in HK bought $38m worth of $IBIT, which makes up 12% of its reported holdings. Interesting given HK has own ETFs now. But US ETFs have that irresistable combo of low fee and high volume. https://t.co/FE2gyuIuIf
Hong Kong Bitcoin ETF info. Interestingly there was $5.9 million more inflows, I wonder if this was in-kind though. https://t.co/neM451IsdT
BTC ETF outflows only -35mm. Lfg! https://t.co/E0oHhpzTJJ
The CEO of .@krakenfx's @CFBenchmarks see the Hong Kong crypto ETFs marking reaching $1 billion in AUM by the end of the year. By @JamieCrawleyCD. https://t.co/JYUNXIGIaE
Hong Kong’s spot ETFs experience decline in bitcoin inflows on second trading day https://t.co/4YzWpemlXo
While most of the digital asset ETF market suffers outflows, Hong Kong is a bright spot, having seen US$300m inflows this week so far. https://t.co/46dhfBdAdo
- Hong Kong $BTC & $ETH ETFs - BNY Mellon, America's oldest bank, reported exposure to #Bitcoin ETFs - Morgan Stanley about to allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients - Australia about to approve #Bitcoin ETF - London Stock Exchange is listing $BTC…
US #Bitcoin ETFs had a small outflow of $34.4 million yesterday Do you think the purge is over?
Spot bitcoin ETFs see reduced daily outflows, totaling $34 million https://t.co/zkz7qt0G9n
Spot #Bitcoin ETFs continued their streak of net outflows, but at a much slower pace with -$34.4M for Thursday. https://t.co/f4BWVC4xXm
🆕 Today's top #crypto news on #KuCoinMarketWatch ⤵️ 🟢 Hong Kong's spot Bitcoin and #EthereumETFs traded $68.4M HKD ytd 🟢 BNP Paribas discloses #BitcoinETF exposure 🟢 BlackRock predicts entry of sovereign wealth and pension funds into BTC ETF market soon More key news ⤵️
.@EricBalchunas: “HK saw $292m in assets on Day One”. https://t.co/dU3XthrlZY https://t.co/46NxQLRPwv
Yesterday's ETF flows by @FarsideUK The ETF flows were slightly negative and when it's slightly negative you know that it's always just $GBTC that has outflows. $54.9 million. Ark took in 13.3 million and the rest stayed at 0 or close to 0. Price recovered from $56.5k back to… https://t.co/qlp10Hc3qL
NEW‼️ - On Thursday, #Bitcoin ETFs experienced NET OUTFLOWS totaling $34.4 million. Ark: $13.3 million Invesco: $1.5 million Franklin: $3.4 million Valkyrie: $2.3 million Grayscale: -$54.9 million https://t.co/5MsexH1bo8
SIGNIFICANT OUTFLOWS FROM U.S. BITCOIN ETFs IN APRIL U.S. Bitcoin ETFs saw a dramatic $343.5M in net outflows in April, ending a three-month streak of inflows, as investor enthusiasm waned amidst volatile market conditions. Source: The Block https://t.co/64Hk8tCb3H
Bitcoin ETF outflows just cut the bleeding—$34m, the lowest by far this week. While it’s not positive, it suggests sell-offs might have slowed. The previous day was $563m. https://t.co/2zS2JG629e
📊 # of Bitcoin held by ETFs👇 5/2/2024 ✅ https://t.co/qYbVaTrd2Q
🚨 #Bitcoin ETF Update, 2 May 🔻Net outflows of 580 BTC ($34m) 🔻GBTC sells 930 BTC 🥇Ark buys 225 BTC 😐IBIT, FBTC, BITB flat on the day https://t.co/WYaCuNsGRB
🚨 #Bitcoin ETF update 🔻 GBTC sells 930 BTC 🥇Ark buys 225 BTC 😐 IBIT, BITB, FBTC were flat on the day. https://t.co/9mb1axDsCh
✅ 2 trading days after launch, the Hong Kong 🇭🇰 Bitcoin ETFs hold 4,088 #Bitcoin 👇 https://t.co/isIqhypPaw
🚨BREAKING 🚨 HONG KONG SPOT BITCOIN AND ETHEREUM ETFS SAW A WHOOPING $292M INFLOWS ON THE FIRST DAY. $BTC'S SHARE WAS 85% AND $ETH MANAGED TO GRAB THE 15%. BULLISH AF 🔥 https://t.co/kjtjtz4UXH
The Hong Kong #Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express. Via @CointelegraphZN https://t.co/8kC3D1eMz7
The 24hr volume of China coin is more than the total Hong Kong ETF inflows since it's launch 3 days ago https://t.co/5QyD8thtsi
GBTC Outflow $55m
Blackrock’s iShares Bitcoin ETF $IBIT notched a streak of inflows for 71 consecutive days since inception. $FBTC $BITO $ARKB $BTC https://t.co/gNkCLFjVSX
Bitcoin ETFs Shed $563 Million as BlackRock's IBIT Marks First Daily Loss ► https://t.co/giOMh6DGeJ https://t.co/giOMh6DGeJ
So despite low volume Hong Kong Bitcoin ETFs did take in $248 million combined. https://t.co/SpIueEEtMi
Some major corrections on the HK ETF data it seems. Balchunas now reporting that HK saw $290M in inflows on Day One. If I'm interpreting his words correctly, that means HK smashed the US BTC ETF debut... https://t.co/jHRWZ0zw4A
May 2 Update: 9 ETFs decreased 8,107 $BTC(-$478.22M). #Blackrock decreased 638 $BTC(-$37.62M), marking his first reduction in $BTC. #Fidelity decreased 3,323 $BTC(-$196M). #Grayscale decreased 1,588 $BTC(-$93.66M). https://t.co/ZM5tO2mMhA https://t.co/JJLVuViC66
Update on Day 1 Hong Kong Bitcoin ETF Total Inflow: $+248 million ChinaAMC inflows $+124 million Harvest inflows $+63 million Bosera-Hashkey inflows $+61 million https://t.co/cU66GygzFp
New #Bitcoin ETF whale: 🇭🇰 Hong Kong fund Yong Rong is the biggest ETF holder yet, per SEC filings today. They have $38m in Blackrock's IBIT. That's 10% of their US holdings, and double the next biggest holder.
JUST IN: 🇭🇰Hong Kong #Bitcoin ETFs has $292m in flows on the first day. Thats almost 30% of the Bloomberg estimate of $1 billion in 2 years! 🔥 https://t.co/SM1YjV1ED8
JUST IN: 🇭🇰 Hong Kong #Bitcoin ETFs took in $292m on the first day! 🔥 🫡 @EricBalchunas
NEW: Bloomberg's @EricBalchunas reports that on its first day, 🇭🇰 Hong Kong #Bitcoin ETFs amassed $292 million in assets. This puts them way ahead of his original prediction of reaching $1 billion in two years. https://t.co/9tGIbNR6t6
🚨JUST IN: HONG KONG SPOT $BTC AND $ETH ETFS SEE JUST $8.75M IN TRADING VOLUME ON MAY 2ND
Bitcoin ETFs Suffer Worst Day Ever https://t.co/IYUZ8BPrxP
Second Day of trading the Spot #Ethereum ETF in Hong Kong only drew $0.6m USD 👀
We just put out note with final data (which doesn't come in as fast as US). In short, HK saw $292m in assets on Day One (we predicted $1b in two years so way ahead of schedule but corrections can derail trajectories as we seeing in US). Ether ETFs grabbed 15% of pie and size… https://t.co/RT8SvMvEuA
INSIGHTS: Fidelity Bitcoin ETF’s $191 million outflow surpasses Grayscale as BlackRock records first redemptions via @jvs_btc https://t.co/sT9Y8sxsd4
Bloomberg ETF analyst @EricBalchunas: Hong Kong's BTC and ETH ETFs raised over roughly HK$11.2 million on its first day, offsetting net outflows in the US market💼📈 https://t.co/klKh6uOxKA
"These ETFs open up Asian markets to crypto exposure, which can likely push prices up in the long term as more countries likely follow the footsteps of Hong Kong as well." Check out James @realjameswo 's commentary on Hong Kong Bitcoin ETF: https://t.co/VNkToc3lVH
In an unprecedented turn, 10 US spot bitcoin ETFs saw net outflows Wednesday (yes, even BlackRock and Fidelity) https://t.co/K33eIUENFN
The Hong Kong Bitcoin & Ethereum ETFs launched this week! Were they a success or a bust? And is the US Ethereum ETF dead? James Seyffart of Bloomberg joins me to give all the details. WATCH ▶️ https://t.co/Aj6x8RYzET Topics: - The launch and performance of the #HongKong… https://t.co/UQfdjrU4Fc
In case you weren't looking, BTC ETFs saw a $564m outflow yesterday, and GBTC wasn't the only culprit; Blackrock, Fido and Ark all had outflows too. Kind of impressed we are seeing a bounce today despite these numbers. https://t.co/TjIQx3T7ky
Record Withdrawal from US #Bitcoin ETFs Marks Largest Single-Day Outflow https://t.co/GYKji30kWu
#ETF Update: Red day for bitcoin ETFs, FBTC leads outflow 📉🥶 All #bitcoin ETFs bar one, saw outflows 👀 Check out the full report here 👇👇👇 https://t.co/wFh5o1etWv https://t.co/WGWl4Dl7Ba
worst day by far for btc etfs, with $500m outflow @biancoresearch was right that etf holders were paperhands, fomoing on the way up jeering on the way down
#Bitcoin’s recent correction triggers over $500 million in daily outflows from ETFs, reflecting cautious investor sentiment amid concerns of market excess. https://t.co/xr6QFq7MWb
We were all cheering the ETF inflows, but now the outflows are getting pretty large. Yesterday saw the biggest daily outflow ever 👇 https://t.co/e51BbTqLXe
We saw the first significant outflows yesterday from US ETFs, including Grayscale that is US$804m outflows this week so far.. https://t.co/cQmNy3OVwf