Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»GBTC outflows have outpaced other spot Bitcoin ETF inflows for three days in a row.
ADOPTION NEWS

GBTC outflows have outpaced other spot Bitcoin ETF inflows for three days in a row.

By Crypto FlexsApril 17, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
GBTC outflows have outpaced other spot Bitcoin ETF inflows for three days in a row.
Share
Facebook Twitter LinkedIn Pinterest Email
Funding • April 17, 2024 1:37 AM EDT

Posted 1 minute ago In ~

The U.S. spot Bitcoin exchange-traded fund recorded net outflows for three days in a row. Yesterday, there was just over $58 million of product remaining, reducing the cumulative total net inflows to approximately $12.43 billion.

Grayscale’s Bitcoin trust conversion GBTC accounted for the majority of net outflows as usual. Approximately $79.4 million was withdrawn from ETFs yesterday, according to the data. From SoSoValue. 21 weeks of the ark Bitcoin BTC

+1.67%
There was also a net outflow from the ETF, with approximately $12.88 million leaving the fund.

While most other spot Bitcoin ETFs saw moderate inflows between $1.37 million and $3.56 million, iShares Bitcoin Trust dominated inflows, attracting $25.78 million.

Overall, spot Bitcoin ETF trading volume remained stable throughout April after a steady decline from its peak in early March. Cumulative trading volume on Monday topped $215 billion, according to data from The Block.

Additionally, flow was constricted in either direction. Spot Bitcoin ​ETF inflows and outflows have steadily tightened since March.

According to The Block’s Bitcoin price page, the price of Bitcoin is trading above $64,300, up more than 2.6%. The block reward halving of the most important cryptocurrency is expected to occur on Friday.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and is the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Uniswap extends v2 protocol to six additional chains, providing cost-effectiveness and streamlined experience for liquidity providers – The Defi Info

February 21, 2024

Coinbase vs Robin Hood vs Binance: Which is better?

March 1, 2025

Türkiye proposes bringing cryptocurrency legislation in line with international standards

May 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.