Outflow from spot Bitcoin ETFs continued for the fourth day in a row

On April 29, net outflow from spot bitcoin ETFs amounted to $51.5 million. The negative trend has been observed for the fourth day in a row.

According to SoSoValue, the total net outflow of Bitcoin spot ETF yesterday, April 29, was $51.5316 million. GrayscaleETF GBTC had a single-day net outflow of $24.6607 million. ARKB had a single-day net outflow of $31.34 million, surpassing GBTC. The BlackRock ETF IBIT has had… pic.twitter.com/RAgU7Al9m3

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Since the approval of the products on January 11, investors have invested a total of $11.94 billion in these instruments. During April, there is a multidirectional dynamics of flows.

Data: SoSoValue.

BlackRock's IBIT has not recorded any receipts or withdrawals over the past four trading days.

On April 29, net outflow from GBTC from Grayscale slowed to $24.66 million, while from ARKB Ark Invest and 21Shares increased to $31.34 million.

Data: Farside.

Recall that on April 30, six spot ETFs based on bitcoin and Ethereum officially began trading on the Hong Kong Stock Exchange.

According to forecasts by Bloomberg analyst Rebecca Sin, within two years, the inflow of funds into this category of products could reach $ 1 billion.

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