Spot bitcoin ETFs snap brief inflow streak as GBTC outflows overpower
While every other spot bitcoin ETF had inflows or no flows, GBTC’s significant outflows overpowered the market.
Grayscale's converted Bitcoin BTC -2.66% Trust was again the primary culprit, with $29 million flowing out of GBTC yesterday. It had previously recorded two consecutive days of net inflows after ending a 78-day streak of outflows last week.
Every other spot bitcoin ETF had either positive net inflows or no net flows. The Fidelity Wise Origin Bitcoin Fund had a net inflow of $4 million, while the ARK 21Shares Bitcoin ETF and Invesco Galaxy Bitcoin ETF brought in $3 million and $6 million, respectively.
Cumulative total net inflows into U.S.-listed spot bitcoin ETFs since their listing has decreased to $11.76 billion.
Overall, the spot bitcoin ETF market has cooled off after its post-listings fervor, with volumes steadily trending downward since peaking on March 5, according to The Block's data. Cumulative volume is approaching $250 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
On the night of the Federal Reserve rate cut, the real game is Trump’s “monetary power grab”
The article discusses the upcoming Federal Reserve interest rate cut decision and its impact on the market, with a focus on the Fed’s potential relaunch of liquidity injection programs. It also analyzes the Trump administration’s restructuring of the Federal Reserve’s powers and how these changes affect the crypto market, ETF capital flows, and institutional investor behavior. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of the generated content are still being iteratively updated.
When the Federal Reserve is politically hijacked, is the next bitcoin bull market coming?
The Federal Reserve announced a 25 basis point rate cut and the purchase of $40 billion in Treasury securities, resulting in an unusual market reaction as long-term Treasury yields rose. Investors are concerned about the loss of the Federal Reserve's independence, believing the rate cut is a result of political intervention. This situation has triggered doubts about the credit foundation of the US dollar, and crypto assets such as bitcoin and ethereum are being viewed as tools to hedge against sovereign credit risk. Summary generated by Mars AI. The accuracy and completeness of this summary are still in the process of iterative updates.
x402 V2 Released: As AI Agents Begin to Have "Credit Cards", Which Projects Will Be Revalued?
Still waters run deep, subtly reviving the narrative thread of 402.
When Belief Becomes a Cage: The Sunk Cost Trap in the Crypto Era
You’d better honestly ask yourself: which side are you on? Do you like cryptocurrency?
Trending news
MoreCrypto prices
More
