Bitcoin ETFs Achieve $379.99 Million in Net Inflows, Noting a Six-Day Streak
- Bitcoin ETFs see $379.99 million net inflows, marking a six-day streak.
- IBIT leads with $240.15 million inflow, totaling $56.03 billion in assets.
- Grayscale’s GBTC reports a daily outflow of $7.53 million.
According to a recent SoSoValue update as of April 25, the total net inflow stands at $379.99 million for the 6th time now, while the cumulative total net inflow is $38.43 billion. The total value traded amounts to $3.31 billion, and the total net assets are reported at $109.27 billion, accounting for 5.80% of Bitcoin’s market cap .
Source: SoSoValueIBIT Maintains its Lead Position in Net Assets
IBIT, trading on the NASDAQ under BlackRock, leads the market in net inflow with $240.15 million for the day, contributing to its net assets of $56.03 billion. This ETF has seen a 0.34% premium/discount compared to its base price.
Following it is FBTC from Fidelity, listed on the CBOE. The fund has attracted $108.04 million in daily inflow, marking a 0.23% premium and net assets totaling $19.12 billion. Despite the inflow, FBTC experienced minimal movement in its price with a 0% fee.
Grayscale’s GBTC, trading on the NYSE, shows a negative trend with a daily outflow of $7.53 million. Its net assets stand at $18.24 billion, with a minimal 0.01% premium/discount. Despite this, the fund’s BTC share is relatively stable at 0.97%. In contrast, ARKB from Ark and Grayscale’s BTC are observing positive movements. ARKB saw a $11.39 million inflow, with net assets reaching $5.02 billion, while BTC ETF gained $19.87 million, marking $4.04 billion in net assets.
BITB, HODL, BTCO and EZBC Reports Gains
BITB, another Bitcoin ETF from Bitwise, had no net inflow reported for the day, leaving its assets at $3.71 billion. The share of BTC in BITB also remains relatively low at 0.20%. Conversely, HODL by VanEck received $8.08 million in daily inflow, with net assets at $1.38 billion.
On the lower end, BTCO from Invesco and EZBC from Franklin show more moderate inflows of $7.64 million and $8.45 million, respectively. Both funds have seen slight price movements with fees of 0.25% and 0.19%.
BTCW from WisdomTree posted a minor increase with $6.59 million in daily inflow, positioning its net assets at $147.33 million. The overall picture presents a market with varied performance, with some ETFs experiencing notable inflows while others remain relatively stable or face outflows. This data underscores investor behavior and sentiment in the current Bitcoin-linked asset market .
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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