Bitcoin ETF Records Third Largest Net Outflow, BTC Remains at $70,000 Level

Bitcoin ETF Sees Third Largest Net Outflow
Bitcoin Maintains $70,000 Level
Bitcoin ETF Sees Third Largest Net Outflow
Farside Investors
Data shows that the Bitcoin spot ETF has ended its four-day streak of net inflows, with a total net outflow of $223 million on April 8th, making it the third largest net outflow since the ETF’s launch:
3/19: -$326 million
3/20: -$261 million
4/8: -$223 million
The ETF data is as follows (from highest to lowest):
Grayscale GBTC: -$303 million
Bitwise BITB: $40.3 million
BlackRock IBIT: $21.3 million
Ark Invest ARKB: $9.3 million
Fidelity FBTC: $6.3 million
The net inflows of other ETFs did not exceed $10 million.
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Bitcoin Maintains $70,000 Level
Despite the ETF recording its third largest net outflow, Bitcoin remained above $71,000 even after falling from $72,799 during the evening of April 8th in the US stock market trading.
Markus Thielen, the founder of 10x Research, had previously stated in early March that the flow of US Bitcoin ETFs would no longer be the main driving force behind the rise of Bitcoin. He did not disclose the new driving force or indicator, but it is expected to be revealed in subsequent reports. He is currently bullish on the future of Bitcoin.
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Bitcoin Approaches Historical High, 10x Research Analyst: Target Price of $83,000
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bitcoin
Bitcoin spot ETF
Net outflow
Further Reading
Bitcoin ETF | GBTC Sees $300 Million Net Outflow, Bitcoin Falls Below $66K
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