Bitcoin Spot ETF Sees Three Days of Net Outflows
BlackRock and Fidelity Record Interruptions
Fourth Largest ETF Experiences Net Outflows
Bitcoin Spot ETF has shown a decline in net inflows after a period of growth last week, experiencing three consecutive days of outflows. The data from April 22 to April 26 is as follows:
April 22: $62.2 million
April 23: $31.6 million
April 24: -$120 million
April 25: -$217.6 million
April 26: -$83.6 million
Bitcoin Spot ETF Flow
The flow during the past week has also broken certain records. BlackRock’s IBIT saw its continuous net inflow streak end at 71 days, with no inflows on the 24th, 25th, and 26th.
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Furthermore, Fidelity’s FBTC experienced its first net outflow on the 25th and continued to see outflows for two consecutive days.
(BlackRock’s IBIT ends its continuous net inflow streak at 71 days, while Grayscale’s GBTC continues its streak of net outflows.)
Fidelity’s FBTC Flow
Fourth Largest ETF Sees Net Outflows
Bitcoin experienced a net outflow of -$217.6 million on April 25, marking the fourth largest outflow since January 11:
March 19: -$326 million
March 20: -$261 million
April 8: -$223 million
April 25: -$217.6 million
Bitcoin fell below $63,000, approximately $62,733, before the deadline and has been trading between $65,000 and $62,500 since April 25.
Bitcoin Spot ETF Flow
Bitcoin Spot ETF
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