Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Spot Bitcoin ETF flows have turned positive this week as Grayscale’s GBTC outflows have slowed.
ADOPTION NEWS

Spot Bitcoin ETF flows have turned positive this week as Grayscale’s GBTC outflows have slowed.

By Crypto FlexsApril 4, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spot Bitcoin ETF flows have turned positive this week as Grayscale’s GBTC outflows have slowed.
Share
Facebook Twitter LinkedIn Pinterest Email

Flow to this week’s U.S. integrated spot bitcoin BTC

-0.25%
Exchange traded funds (ETFs) turned positive on Wednesday, surpassing the net outflows witnessed on Monday.

Net inflows worth $113.5 million on Wednesday, following $40.3 million added on Tuesday, were enough to surpass the $87.5 million net outflows registered on Monday, according to CoinGlass data.

Fidelity’s FBTC spot Bitcoin ETF led yesterday’s inflows, adding $116.7 million, while BlackRock’s usually dominant IBIT fund came in second with $42 million. Bitwise’s BITB product came in third with $23 million in inflows Wednesday, with the remaining ETFs adding less than $4 million each. Total net inflows now stand at $12.2 billion.

Fidelity’s FBTC is currently approaching 150,000 BTC ($10 billion) under management. BlackRock’s IBIT leads among new Bitcoin ETFs with over 256,000 BTC ($17 billion).

Meanwhile, Grayscale’s converted GBTC fund fell 47%, from about 619,000 BTC to 328,000 BTC ($22 billion), per CoinGlass. GBTC’s current 1.5% fee compares to FBTC and IBIT’s 0.25%.

“Stock mutual funds have seen $3.5 trillion in outflows over the past decade, but their assets have grown by $6 trillion to $14 trillion,” said Eric Balchunas, Bloomberg ETF analyst. “This is probably the best example of a ‘bull market subsidy’ and why GBTC has no incentive to lower fees despite outflows/complaints.”

Grayscale’s GBTC fund outflow slows

The $302.6 million outflow to GBTC on Monday contributed significantly to the total net outflow registered by the integrated spot Bitcoin ETF that day. “Frankly, it was higher than I expected,” Bloomberg ETF analyst James Seyffart wrote at the time. “I thought it would have slowed down by now.”

However, markets were closed on Good Friday, which could have affected Monday’s figures, with GBTC’s outflows slowing to $81.9 million on Tuesday and $75.1 million yesterday.

A Coinbase report earlier this month suggested that Genesis Global Holdco LLC’s possible sale of 35.9 million shares of GBTC stock, worth about $2 billion, may have sparked recent GBTC selling pressure.

Outflows from Grayscale’s high-fee GBTC fund peaked at $642.5 million on March 18 and continued to average about $300 million per day until falling below $100 million on Tuesday. GBTC’s total outflow is $15.2 billion.

“I’ll make a phone call. I think there is a good chance that GBTC stock will be sold off Gemini/Genesis due to the Genesis bankruptcy,” Seyffart said yesterday.

Spot Bitcoin ETF daily flows and volume continue to decline.

According to The Block’s, outflows from Grayscale GBTC appear to be slowing, but spot Bitcoin ​ETFs have fallen since peaking with daily net inflows of $1.05 billion on March 12 as Bitcoin reached an all-time high of $73,836. The same goes for the overall flow. Data dashboard.

March was also a big month for spot Bitcoin ETFs by trading volume, hitting $111 billion, nearly three times February’s total. However, after reaching a record $9.9 billion on March 5, daily trading volume also fell as Bitcoin broke its previous cycle high of about $69,000 for the first time, with $2.3 billion traded on Wednesday.

Daily trading volumes remain above the average levels observed in January and February, but the acceleration has slowed, as evidenced by a decline in the cumulative volume chart for the Spot Bitcoin ETF. Total trading volume currently stands at $190 billion.

According to The Block’s price page, Bitcoin is currently trading at $66,234. The largest cryptocurrency by market capitalization was flat over the past 24 hours. Bitcoin price fell 6% last week but remains up 57% so far.


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.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025

YouTube Star MR BEAST Scoops 3 Days Purchase SPREE ASTER in SPREE

September 27, 2025

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 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

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025

YouTube Star MR BEAST Scoops 3 Days Purchase SPREE ASTER in SPREE

September 27, 2025

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025
Most Popular

Why is Solana’s Dogwifhat (WIF) Mimecoin Crashing?

August 18, 2024

Bitcoin Miner Stock Offers Good Entry Point Ahead of Halving Event: Bernstein

February 9, 2024

Bitcoin’s Block Space Challenges for Data Availability and Rollups

July 27, 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.