Bitcoin Spot ETF Experiences Notable Outflows, BlackRock Stays Sidelined

IconCrypto News Terminal26 Apr, 2024

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Bitcoin Spot ETF Experiences Notable Outflows, BlackRock Stays Sidelined

Approximately $197 million was net outflowed from Bitcoin spot ETF on April 25 (local time), marking the second-largest net outflow since April 8 ($223 million net outflow), according to crypto analyst HODL15Capital (@HODL15Capital). BlackRock's IBIT did not witness any inflow on the 25th, continuing the trend from the previous day. Additionally, Grayscale's GBTC saw a $139 million net outflow, while Ark21Shares' ARKB, Fidelity's FBTC, and Bitwise's BITB recorded net outflows of $31 million, $23 million, and $6 million, respectively. Franklin Templeton's EZBC was the sole exception, showing a net inflow of $2 million. Previously on April 25, 2024, "Approximately $197 million was net outflowed from Bitcoin spot ETF on April 25 (local time). This is the second largest net outflow, following the $223 million net outflow on April 8. BlackRock IBIT did not see any inflow on the 25th, following the previous day. In addition, $139 million was net outflowed from Grayscale GBTC, $31 million from Ark21Shares ARKB, $23 million from Fidelity FBTC, and $6 million from Bitwise BITB. Only Franklin Templeton (EZBC) showed a net inflow ($2 million)."

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