Bitcoin Spot ETFs See Significant Inflows, Led by Blackrock and ARK

IconCrypto News Terminal24 Apr, 2024

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Bitcoin Spot ETFs See Significant Inflows, Led by Blackrock and ARK

A significant amount of money flowed into Bitcoin spot ETFs on April 23, with Blackrock's IBIT and ARK 21Shares ARKB leading the inflows. According to crypto analyst HODL15Capital (@HODL15Capital), around $32 million flowed into Bitcoin spot ETFs on April 23. While Grayscale’s GBTC saw outflows worth $67 million, inflows were observed in Blackrock’s IBIT ($38 million), ARK 21Shares ARKB ($33 million), and Bitwise BITB ($23 million). This indicates growing institutional interest in Bitcoin and other digital assets. As more institutional investors enter the crypto market, we can expect to see continued growth and adoption of Bitcoin spot ETFs. Previously on 23 April 2024, "According to crypto analyst HODL15Capital (@HODL15Capital), around $32 million flowed into a Bitcoin spot ETF on April 23. While Grayscale’s GBTC saw outflows worth $67 million, inflows were observed in Blackrock’s IBIT ($38 million), ARK 21Shares ARKB ($33 million), and Bitwise BITB ($23 million)."

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