Bitcoin ETFs break trend recording modest inflows as GBTC continues outflow 
Quick Take
According to data from BitMEX, the Bitcoin (BTC) ETF market experienced its first day of net inflows since March 15, collecting a modest $15.7 million, or 221.2 Bitcoin. This event paused five consecutive days of net outflows and represented the second-smallest day of inflows recorded. Despite this positive shift, the larger narrative remained overshadowed by the substantial outflows from GBTC, which amounted to $350.1 million or 4,933.7 BTC. Consequently, GBTC’s cumulative outflows have reached $14,150.6 billion, equivalent to 275,059 BTC.
Data from BitMEX shows that Fidelity experienced an intense day with net inflows of $261.8 million, equivalent to 3,689.3 BTC, pushing its total inflows to $7,213.4 billion, equivalent to 136,886 BTC. It’s noteworthy that none of the remaining eight ETFs recorded any outflows. Both ARKB and BTCW remained stagnant, registering neither inflows nor outflows. As a cumulative figure, the Bitcoin ETFs have amassed $11,284.8 billion, equivalent to 200,673 BTC.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
