The liquidity of Bitcoin spot ETF slows down, while the iShares Bitcoin Trust under BlackRock Group maintains positive flow

After several weeks of heavy buying, the liquidity of Bitcoin spot ETFs has slowed down. Currently, only iShares Bitcoin Trust (IBIT) under BlackRock Group continues to maintain a daily positive flow record. The initial enthusiasm for Bitcoin spot ETFs seems to have waned, and the recent inflow speed can no longer keep up with the rapid outflow of funds from Grayscale Bitcoin Trust. As a result, in the week ending April 12th, there was a net outflow of 1,766 Bitcoins from all spot ETFs combined.

Last Friday and Monday saw zero fund inflows into Fidelity's Bitcoin Fund (FBTC), breaking its daily increase record since its launch on January 11th. This makes BlackRock Group's iShares Bitcoin Trust (IBIT) the only bitcoin spot ETF that has continuously experienced net capital inflows since trading began. In most other funds including Invesco Galaxy Bitcoin ETF (BTCO), VanEck Bitcoin Trust (HODL), and Valkyrie Bitcoin Fund (BRRR), zero fund inflows or even occasional outflows have become the norm.