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.
. Источник: SoSo Value.” class=”wp-image-224168″ srcset=”https://incrypted.com/wp-content/uploads/2024/04/image-53-1024×415.png 1024w, https://incrypted.com/wp-content/uploads/2024/04/image-53-300×122.png 300w, https://incrypted.com/wp-content/uploads/2024/04/image-53-768×311.png 768w, https://incrypted.com/wp-content/uploads/2024/04/image-53.png 1155w” sizes=”(max-width: 1024px) 100vw, 1024px”>Capital inflow/outflow in the sector spot bitcoin ETFs. Source: SoSo Value
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.
James Whitfield is markets correspondent at BTCNews. He spent eight years on the equity desk at Bloomberg London before moving to digital assets in 2020, and now leads our daily coverage of spot prices, derivatives and ETF flows. James reads order books for breakfast and has been quoted in the Financial Times, CityAM and CoinDesk. He is a CFA Level III candidate and is based in the City of London.