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Breaking: Spot Bitcoin ETFs Mark 4 Consecutive Days of Net Inflows

Breaking: Spot Bitcoin ETFs Mark 4 Consecutive Days of Net Inflows

CoineditionCoinedition2024/04/06 09:10
By:Nynu V Jamal
  • The Spot Bitcoin Market recorded a net inflow of $203 million on April 3, surpassing $12.6 billion in total net inflow.
  • BlackRock’s IBIT leads the charge with a net inflow of $308 million and a total net inflow of $14.77 billion.
  • Grayscale’s GBTC marks a net outflow of $198 million, with its total net outflow exceeding $15.5 billion.

In an astounding turn of events, the net inflow of the Spot Bitcoin ETF market has surpassed $12.6 billion, with an average inflow of $213.8 million. Prominent crypto analyst Crypto Rover, in his recent X update, revealed that the Bitcoin ETF market saw an astounding inflow of $203 million on April 5, marking 4 consecutive days of net inflows.

💥BREAKING: The Spot #Bitcoin ETF inflow yesterday was: +$203,000,000 pic.twitter.com/qFVpBwfEHF

— Crypto Rover (@rovercrc) April 6, 2024

Colin Wu , a Chinese crypto journalist, has shed light on SoSoValue’s data , providing details on the remarkable inflow of Bitcoin ETFs. Leading the charge is BlackRock’s IBIT, with a net inflow of nearly $308 million on the day. With this notable addition of inflows, BlackRock currently boasts a total historical net inflows of $14.77 billion.

Breaking: Spot Bitcoin ETFs Mark 4 Consecutive Days of Net Inflows image 0 Breaking: Spot Bitcoin ETFs Mark 4 Consecutive Days of Net Inflows image 1

Source: SoSoValue

Fidelity’s FBTC is also not far behind, with a net inflow of $83.02 million marked on April 5. The cumulative net inflow of FBTC, as per SoSoValue, is $7.96 billion.

On the third spot is Bitwise’s BITB, boasting a net inflow of $7.39 million. Reportedly, BITB has experienced a total net inflow of $1.66 billion since its launch.

Contrastingly, Grayscale’s GBTC has recorded a net outflow of $198 million on the same day. Thus, Grayscale maintains its negative inflows, marking a total net outflow of $15.5 billion.

Meanwhile, Bitcoin is trading below the previous all-time of $69k despite a slight increase of 1.65% over the last day. As of press time, Bitcoin is priced at $68,052 , marking a 2.58% increase over the last month but a 2.84% decline in the last week. With a market cap of $1,338,505,091,878, Bitcoin maintains its top position in the crypto market. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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