Bitcoin ETFs have recorded the highest inflows since January on Monday

Bitcoin ETFs have recorded the highest inflows since January on Monday

Bitcoin etf

  • The capital inflow in ETFs collapsed with a sudden increase in Bitcoin prices, which regained the level of $ 91,000.
  • The total inflows in Bitcoin ETFs reached $ 381.3 million on April 21st.
  • The ARK 21Shares Bitcoin ETF (ARKB) recorded the largest share of $ 116.1 million.

Bitcoin-Exchange-Traded Funds (ETFs) in the United States recorded their greatest net inflow in a single day in almost two months, with April 21st the strongest session since January 30th.

The capital inflow in ETFs collapsed with a sudden increase in Bitcoin prices, which regained the level of $ 91,000 before they went back to around $ 90,000

BTC ETF inflows on Monday

The total inflows in Bitcoin ETFs reached $ 381.3 million on April 21, with the ARK 21shares Bitcoin ETF (ARKB) recorded the largest share with $ 116.1 million.

The Fidelity Wise Origin Bitcoin Fund (FBTC) followed with tributaries of $ 87.6 million.

grayscale, which had previously been struggling with drains after it had converted its Bitcoin trust into an ETF, showed signs of stabilization because its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) recorded $ 69.1 million.

The Ishares Bitcoin Trust ETF (IBIT) from Blackrock, the largest Bitcoin ETF according to managed assets, attracted $ 41.6 million, which corresponds to a decline compared to the values of April 17th

other funds, including Hodl and EZBC, carried $ 11.7 million or $ 10.1 million.

The inflows return after a strong week for drainage

According to the latest report by Coinhares, the United States recorded a total of $ 71 million this week, which indicates that the activities on April 21 were an exception among otherwise lethargic sentiment.

In contrast, the markets in Europe maintained a more constructive attitude towards digital assets.

Switzerland led the region to $ 43.7 million in traces, while Germany added $ 22.3 million. Canada also recorded modest tributaries of $ 9.4 million during the period.

Coinshares found that the entire investment products for digital assets recorded weekly inflows of modest $ 6 million.

At the middle of the week, stronger than expected sales figures in the US retailer led to a sudden $ 146 million outflow of digital assets funds, which reflects market sensitivity to macroeconomic data.

Bitcoin-specific products closed the week with net drains of $ 6 million, despite the significant daily inflow on April 21st.

In the meantime, the seventh week in a row with drainage, with $ 1.2 million, was deducted, which brought the entire return over the period to almost 40% of the assets managed.

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