The inflow of funds into spot Bitcoin ETFs amounted to more than $59 million

• On April 19, the net daily capital inflow into the Bitcoin ETF was $59.56 million.
• The crypto fund from Fidelity managed to attract the most funds.
• The outflow from the Grayscale Investments fund amounted to $45.82 million.

On April 19, 2024, net daily capital inflows into spot Bitcoin ETFs were $59.56 million, according to SoSo Value. Let us note that on April 18, an outflow of funds amounted to $4.39 million, and the day before – $165.10 million.

According to SoSo Value, the first place in capital inflow on April 19 was taken by the Fidelity Bitcoin Spot ETF (FBTC) crypto fund from Fidelity. It added $54.77 million to its balance sheet, bringing funds under management to $8.14 billion.

In second place is iShares Bitcoin Trust (IBIT) with $29.28 million, in third place is an investment product from Ark Invest and 21 Shares with $12.53 million.. The remaining Bitcoin ETFs received a total of $7.3 million.

Note that the outflow of funds was recorded from the GBTC fund from Grayscale Investments and HODL from VanEck, $45.82 million and $1.82 million, respectively.

. Источник: SoSo Value.” class=”wp-image-224169″ srcset=”https://incrypted.com/wp-content/uploads/2024/04/image-54-1024×331.png 1024w, https://incrypted.com/wp-content/uploads/2024/04/image-54-300×97.png 300w, https://incrypted.com/wp-content/uploads/2024/04/image-54-768×248.png 768w, https://incrypted.com/wp-content/uploads/2024/04/image-54.png 1129w” sizes=”(max-width: 1024px) 100vw, 1024px”>Отток капитала из GBTC. Source: SoSo Value

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

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Let us remind you that on April 20, 2024, a halving occurred on the Bitcoin network.