BITB, Bitwise’s BTC ETF, experiences first outflow since launch 
Quick Take
Bitcoin ETFs experienced significant outflows on April 17, with Farside data showing a $165.0 million outflow, the largest since April 8. Grayscale GBTC saw outflows of $133.1 million, bringing its total net outflows to $16.5 billion. Ark ARKB also recorded an outflow of $42.7 million, resulting in total inflows of $2.1 billion. Bitwise BITB experienced its first outflow since launch, amounting to $7.3 million, leaving its total inflows at $1.7 billion.
Farside reports that despite the widespread outflows, BlackRock IBIT has maintained consecutive inflows, albeit at a decreasing rate. The most recent inflow amounted to $18.1 million, bringing IBIT’s total inflows to $15.3 billion. However, the diminishing inflows since April 12 have raised questions about the sustainability of the inflows.
In total, Bitcoin ETFs have seen net inflows of $12.2 billion, according to Farside.
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.
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Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
