The Newslytical - Promo

Capital inflows into spot Bitcoin ETFs reach $62m

On April 22, the net daily capital inflow into spot Bitcoin ETFs was $62.09 million.

According to SoSo Value, the top spot in capital inflows on April 22 was taken by the Fidelity Bitcoin Spot ETF (FBTC) crypto fund. It added $34.83 million to its balance sheet, bringing funds under management to $8.18 billion.

Source: SoSo Value

The investment product from ARK Invest and 21 Shares received $22.56 million, and iShares Bitcoin Trust (IBIT) received $19.65 million. The remaining Bitcoin ETFs received a total of $20.04 million.

Bloomberg analyst Eric Balchunas noted that investors have steadily poured into IBIT for 69 days, allowing the fund to take 11th place in the most consecutive days of inflows.

As economist Alessandro Ottaviani noted, the inflow of assets into IBIT continued at the beginning of the week. The fund is one of the 10 investment instruments that have received a stable influx of investment for the longest period.

On April 19, spot Bitcoin ETFs recorded an influx of $59.56 million. The sector also became the volume leader, adding $54.77 million to its balance sheet, and the volume of funds under management reached $8.14 billion.

On April 19, IBIT’s inflows amounted to $29.28 million, while ARK Invest and 21 Shares recorded an inflow totaling $12.53 million.

Source link

About The Author

Scroll to Top