Jannat Ara

Investors Pour $62 Million into Spot Bitcoin ETFs

On April 22, spot Bitcoin exchange-traded funds (ETFs) witnessed a substantial net daily capital inflow of $62.09 million.

According to data from SoSo Value, the Fidelity Bitcoin Spot ETF (FBTC) emerged as the leader in capital inflows on April 22, attracting $34.83 million and increasing its total funds under management to $8.18 billion.

Meanwhile, an investment product offered by ARK Invest and 21 Shares received $22.56 million in inflows, followed by the iShares Bitcoin Trust (IBIT) with $19.65 million. Other Bitcoin ETFs collectively received a total of $20.04 million in inflows.

Bloomberg analyst Eric Balchunas highlighted that IBIT has been experiencing consistent inflows for 69 consecutive days, ranking it 11th in terms of the longest streak of inflows among investment funds.

Economist Alessandro Ottaviani observed that the influx of assets into IBIT continued at the beginning of the week, further solidifying its position among the top investment instruments with the most sustained inflows.

Notably, on April 19, spot Bitcoin ETFs recorded a significant inflow of $59.56 million, with the sector also leading in terms of trading volume, adding $54.77 million to its total funds under management, which reached $8.14 billion.

During the same period, IBIT attracted $29.28 million in inflows, while ARK Invest and 21 Shares saw an inflow totaling $12.53 million.

Powered by Crypto Expert BD

Follow us on Twitter: https://x.com/CryptoExpert_BD

Join our Telegram channel: https://t.me/CryptoExpert_BD

Leave a Comment