Bitcoin ETFs Experience Continual Inflows Despite GBTC’s Outflow

By: Isha Das

Overview

According to recent data, Bitcoin (BTC) exchange-traded funds (ETFs) persist in seeing robust inflows, recording a collective net inflow of $106.8 million on April 4th. These figures represent the third consecutive day of net inflows, totaling seven out of the last eight trading days.

The Grayscale GBTC fund observed a third consecutive double-digit outflow, amounting to $79.3 million. This raised its total net outflow to a staggering $15,306.4 billion. On the other hand, the BlackRock IBIT ETF reported a substantial net inflow of $144.0 million, increasing its total net inflow to $14,460.3 billion.

ARK's ARKB ETF documented its first net inflow since March 28th, supplementing $12.0 million to its $2,233.5 billion sum. Similar patterns were seen with the VanEck HODL ETF, who had its biggest net inflow since March 28th, with $15.5 million in additional investments, bringing its total net inflow to $461.7 million.

The overall net inflow across all Bitcoin ETFs is currently at $12,303.6 billion, signaling a continued positive drive in the market for digital assets.