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:
. Источник: SoSo Value.” class=”wp-image-225908″ srcset=”https://incrypted.com/wp-content/uploads/2024/04/etf-1-1.png 985w, https://incrypted.com/wp-content/uploads/2024/04/etf-1-1-300×117.png 300w, https://incrypted.com/wp-content/uploads/2024/04/etf-1-1-768×300.png 768w” sizes=”(max-width: 985px) 100vw, 985px”>Capital inflow/outflow in the spot Bitcoin ETF sector. Source: SoSo Value
The only spot Bitcoin ETF that has seen an influx of capital is the ARK 21Shares Bitcoin ETF.
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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:
Yes, $GBTC is on streak of 72 straight days of outflows, no ETF has ever done anything close to that. #1 all time. https://t.co/xxx90m4FC3
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.
Henrik Lindqvist is our DeFi and on-chain reporter, splitting his time between Stockholm and London. A former software engineer at Klarna, he switched to journalism in 2021 and has since broken stories on MEV exploits, restaking risks and Layer-2 economics. Henrik writes the BTCNews weekly Layer-2 newsletter and has lectured on blockchain architecture at KTH Royal Institute of Technology.
Capital inflow/outflow in the spot Bitcoin ETF sector by day. Source: SoSo Value