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Apr 5, 03:24 PM
Bitcoin ETFs Hit Record $12.2B Holdings with $113.5M Daily Inflow
Crypto

Bitcoin ETFs Hit Record $12.2B Holdings with $113.5M Daily Inflow

Authors
  • Bitcoin Magazine
  • CoinDesk
  • zerohedge
27

Bitcoin ETFs have experienced significant activity recently, with a notable shift in inflow and outflow patterns. BlackRock's IBIT and FBTC have seen substantial buying, with IBIT purchasing $42 million worth of Bitcoin, marking its continued buying streak for 58 days straight since the ETF's launch. FBTC's acquisition amounted to $117 million, the most since March 26. Conversely, GBTC reported a sell-off of $75 million, its lowest since February 26. This activity contributed to Bitcoin ETF holdings reaching an all-time high of $12.2 billion. The market also witnessed a daily net inflow of $113.5 million, indicating a bullish sentiment among investors. Genesis, a significant player, completed the sale of $2.1 billion of its Grayscale Bitcoin ETF holdings, acquiring over 32,041 Bitcoin, which has been linked to the recent selling pressure on GBTC. This flurry of transactions underscores the growing interest and investment in Bitcoin ETFs, reflecting optimism in the cryptocurrency market.

Written with ChatGPT (GPT-4).

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