Ad
Insights
Despite Grayscale and ARK’s outflows, Bitcoin ETF market records net inflow Despite Grayscale and ARK’s outflows, Bitcoin ETF market records net inflow

Despite Grayscale and ARK’s outflows, Bitcoin ETF market records net inflow

BlackRock leads the Bitcoin ETF surge with a standout $150.5 million inflow.

Quick Take

Bitcoin (BTC) exchange-traded funds (ETFs) on Apr. 2 experienced a moderate net inflow of $40.3 million, according to Farside data. Particularly noteworthy is the Grayscale Bitcoin Trust (GBTC), which saw a relatively smaller outflow of $81.9 million, signaling a significant slowdown from previous outflows. GBTC has now totaled $15.1 billion in net outflows.

Farside data reports that the ARK ETF (ARKB) recorded its largest single-day outflow of $87.5 million, yet it has accumulated total inflows of $2.2 billion. On the other hand, BlackRock’s (IBIT) Bitcoin ETF attracted a healthy inflow of $150.5 million, boosting its total net inflow to an impressive $14.2 billion. In a positive turn, the Hashdex Bitcoin ETF (DEFI) saw its first net inflow since Feb. 21 of $0.8 million, reducing its total outflows to just $2.9 million.

According to Farside data, cumulative net inflows across all Bitcoin ETFs now stand at $12 billion.

Bitcoin ETF Flow Table: (Source: Farside Investors)
Bitcoin ETF Flow Table: (Source: Farside Investors)