Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Quick Take
Farside data revealed a $203.0 million net inflow on Apr. 5, marking the Bitcoin ETFs’ fourth consecutive net inflow day. This trend suggests a growing interest and confidence in the digital asset space among investors. Notable among the ETF providers is BlackRock’s IBIT, which saw a substantial net inflow of $308.8 million, bringing its cumulative total net inflow to $14,769.1 billion. This represents the biggest net inflow day for IBIT since March 27, underscoring the fund’s growing prominence in the market.
Bitcoin ETF Data: (Source: Farside)
Meanwhile, Fidelity’s FBTC also experienced a healthy $83.0 million net inflow, contributing to its total net inflow of $7,957.6 billion. In contrast, Grayscale’s GBTC witnessed significant outflows of $198.9 million, the largest since Apr. 1, bringing its total outflow to $15,505.3 billion, according to Farside.
The data from Heyappolo reveals that GBTC currently holds 323,000 Bitcoin, while IBIT has accumulated 264,000 Bitcoin, and FBTC holds 151,000 Bitcoin. Interestingly, the new 9 BTC ETFs, excluding GBTC, have collectively amassed 519,000 Bitcoin.
BTC Holdings: (Source: heyappolo.com)
The post BlackRock IBIT ETF nears $15 billion net milestone amid $308 million inflow appeared first on CryptoSlate.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.