![Grayscale GBTC records lowest outflows since February at $75 million](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/04/GBTC.png&w=70&h=37&q=75)
Quick Take
On April 3, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a notable increase in net inflows, reaching $113.5 million, marking the most substantial daily net inflow since March 28. This surge was primarily fueled by Fidelity’s FBTC, which saw its highest net inflow since March 26, totaling $116.7 million. Consequently, FBTC’s total net inflows surged to an impressive $7.7 billion, according to Farside data.
![BTC ETF Flow Table: (Source: Farside)](https://cryptoslate.com/wp-content/uploads/2024/04/ETF-1.png)
Farside data reports that Bitwise’s BITB also contributed positively, attracting $23.0 million in net inflows, which has been strongest since March 28, with total net inflows reaching $1.6 billion.
Grayscale’s GBTC experienced outflows of $75.1 million, though lower than the previous day and the lowest since February 26. Despite the outflows, GBTC’s total outflows have now amounted to a significant $15.2 billion, with its BTC holdings decreasing to approximately 325,000 BTC from 621,000 BTC before the ETF launch on January 11, as per Glassnode data.
![GBTC ETF Balance: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/04/GBTC.png)
According to Farside data, total net inflows for Bitcoin ETFs have surged impressively to $12.1 billion, signaling sustained interest and demand for Bitcoin investment products.