Summary
- US spot Bitcoin ETFs posted net inflows of $223.16 million despite outflows from some funds.
- BlackRock IBIT drew $167.45 million, Ark ARKB took in $71.22 million, and Morgan Stanley MSBT added $9.36 million.
- Despite net outflows from some ETFs including Fidelity FBTC, concentrated inflows into BlackRock and Ark products kept overall flows positive.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds posted net inflows again even as some products recorded withdrawals, with demand concentrated in the largest issuers.
Data compiled by Trader T on April 23 showed US spot Bitcoin ETFs drew a combined $223.16 million in net inflows.
BlackRock's IBIT led the gains with $167.45 million in inflows. Ark's ARKB added $71.22 million, while Morgan Stanley's MSBT took in $9.36 million.
Fidelity's FBTC, by contrast, posted net outflows of $16.93 million. Bitwise's BITB and VanEck's HODL also saw withdrawals of $7.6 million and $5.5 million, respectively.
Grayscale's GBTC was unchanged, while its mini Bitcoin product recorded inflows of $5.16 million.
Overall, outflows from some ETFs were offset by concentrated inflows into BlackRock and Ark products, keeping total flows in positive territory.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
