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Bitcoin ETFs experience fifth consecutive trading day of outflows Bitcoin ETFs experience fifth consecutive trading day of outflows

Bitcoin ETFs experience fifth consecutive trading day of outflows

Total Bitcoin ETF net inflows maintain strong momentum at over $12 billion.

Quick Take

Farside data shows that on April 18, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a small outflow of $4.3 million, marking the fifth consecutive trading day of outflows. However, this was the smallest outflow among the previous five trading days, suggesting a potential shift in sentiment.

Farside data reports that Grayscale GBTC saw outflows of $90 million, bringing its total outflows to $16,684.7 billion. The average daily outflow of GBTC, $245.4 million, hasn’t been reached since April 8, indicating a slowdown. In contrast, other ETFs experienced inflows. BlackRock IBIT and Fidelity FBTC saw inflows of $18.8 million and $37.4 million, respectively. BITB, ARKB, and HODL also witnessed inflows, demonstrating a growing breadth of interest.

Despite the mixed flows, Bitcoin ETFs have collectively attracted $12,266.7 billion in net inflows since their launch, according to Farside.

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