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Home»ADOPTION NEWS»US spot Bitcoin ​ETF outflows continue, with another $51.5 million out.
ADOPTION NEWS

US spot Bitcoin ​ETF outflows continue, with another $51.5 million out.

By Crypto FlexsApril 30, 20243 Mins Read
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US spot Bitcoin ​ETF outflows continue, with another .5 million out.
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Funding • April 30, 2024 1:22 AM EDT

Posted 1 minute ago In ~

The U.S. spot Bitcoin exchange-traded fund saw a net outflow of more than $51.5 million yesterday.

Especially grayscale bitcoin BTC

+2.24%
Trust wasn’t the biggest factor. The ARK 21Shares Bitcoin ETF saw $31.34 million exit the product on April 29, while GBTC recorded a net outflow of $24.66 million. Data from SoSoValue. The Fidelity Wise Origin Bitcoin fund also recorded a net outflow of $6.85 million.

Some US spot Bitcoin ETFs saw net inflows. Bitwise Bitcoin ETF gained the most with net inflows of $6.84 million, followed by Valkyrie Bitcoin Fund and Franklin Bitcoin ETF with $2.67 million and $1.82 million, respectively.

Other spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, saw net inflows of $0.

Since regulatory approval and listing, U.S. spot Bitcoin ETFs have recorded cumulative net inflows of nearly $12 billion.

However, trading volume has been steadily decreasing since peaking on March 5.

There are six spot Bitcoin and Ether ETFs listed on the Hong Kong Stock Exchange.

While US-listed spot Bitcoin ETFs have been the focus of the industry in recent months, today attention turned to six spot Bitcoin and Ether ETFs that made their debut on the Hong Kong Stock Exchange.

The Hong Kong Exchange and Clearing Company (HKEX) has listed Bosera HashKey Bitcoin ETF (3008.HK), Bosera HashKey Ether ETF (3009.HK), ChinaAMC Bitcoin ETF (3042.HK), and ChinaAMC Ether ETF (3046.HK). , Harvest Bitcoin Spot ETF (3439.HK) and Harvest Ether Spot ETF (3179.HK) were launched this morning.


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 was 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).
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