![BITB, Bitwise’s BTC ETF, experiences first outflow since launch](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/04/bitcoin-etf-outflow.jpg&w=70&h=37&q=75)
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.
![Bitcoin ETF Flow Table: (Source: Farside)](https://cryptoslate.com/wp-content/uploads/2024/04/ETF-11.png)
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.