Capital outflow from spot Bitcoin ETFs amounted to $83.61 million

• On April 26, the spot Bitcoin ETF sector experienced capital outflows for the third day in a row.
• The only fund with a recorded influx of funds is ARKB.

On April 26, 2024, the spot Bitcoin ETF sector saw an outflow of $83.61 million, according to SoSo Value. It has been traced for the third day in a row.

It should be noted that for seven positions neither capital inflow nor outflow was recorded. Among them is iShares Bitcoin Trust (IBIT) from BlackRock:

The only spot Bitcoin ETF that has seen an influx of capital is the ARK 21Shares Bitcoin ETF.

What is a Bitcoin ETF and how does it affect the market?

01/09/2024

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Total capital outflow from Grayscale Bitcoin Trust ETF (GBTC) exceeds $17 billion. Earlier, Bloomberg Intelligence analyst Eric Balchunas noted that this is the only exchange-traded fund in the world that has been losing money every day for a long time:

The sector as a whole experienced capital outflows for the third day in a row.. Before this, an influx was recorded, but insignificant compared to, for example, March 2024:

. Источник: SoSo Value.” class=”wp-image-225910″ srcset=”https://incrypted.com/wp-content/uploads/2024/04/etf-2-2.png 1101w, https://incrypted.com/wp-content/uploads/2024/04/etf-2-2-300×111.png 300w, https://incrypted.com/wp-content/uploads/2024/04/etf-2-2-1024×378.png 1024w, https://incrypted.com/wp-content/uploads/2024/04/etf-2-2-768×283.png 768w” sizes=”(max-width: 1101px) 100vw, 1101px”>Capital inflow/outflow in the spot Bitcoin ETF sector by day. Source: SoSo Value

Previously, we covered the words of Grayscale Investments CEO Michael Sonnenshein that capital flows in GBTC have reached equilibrium. In his opinion, the outflow of funds from the fund is slowing down.