According to farside.co.uk’s data, the BlackRock iShares Bitcoin Trust (IBIT) didn’t receive any new investments for the first time since Bitcoin ETFs became available in the US in January, with a $0 inflow.
Previously, IBIT had amassed approximately $15.5 billion within 71 days. However, things changed dramatically on April 24. The Fidelity Wise Origin Bitcoin Fund gained $5.6 million that day, while the ARK 21Shares Bitcoin ETF attracted $4.2 million in investments.
On that day, there were $130.4 million worth of withdrawals from the Grayscale Bitcoin Trust ETF. In total, all spot Bitcoin ETFs experienced a net withdrawal of approximately $120.6 million.
In total, investors in U.S.-listed Bitcoin ETFs have bought approximately $12.3 billion worth of Bitcoin since January 11. However, this inflow is overshadowed by the substantial outflows from the Grayscale Bitcoin Trust, which amount to over $17 billion, limiting the overall growth.
In the realm of financial regulations, various market players have submitted proposals to introduce Ether Exchange-Traded Funds (ETFs). Yet, the SEC has not yet given its approval, as they are currently evaluating these applications.
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2024-04-25 09:58