BlackRock’s Bitcoin ETF is the only fund with inflows since Friday

Jesse Coghlan4 hours agoBlackRock’s Bitcoin ETF is the only fund with inflows since FridayThe iShares Bitcoin Trust (IBIT) has seen two-day inflows reach $184.5 million — and is also the only U.S. spot Bitcoin ETF to see inflows so far this week.3783 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksBlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) has been the only United States-based spot Bitcoin fund to see inflows over the past two days, with all other ETFs posting zero inflows or lower. 

The iShares Bitcoin Trust (IBIT) posted net inflows of $73.4 million on April 15, down from the $111.1 million the day prior. The eight other ETFs — bar Grayscale’s — posted $0 flows over the past two days, per Farside Investors data.

However, IBIT’s inflows weren’t enough to outpace outflows from the Grayscale Bitcoin Trust (GBTC). It saw $110.1 million in outflows on April 15, slowing from April 14’s $166.2 million.IBIT’s two-day flows in the second column with GBTC’s third from the right. Total flows are in the far right column. Source: Farside Investors.

All 10 spot Bitcoin ETFs saw net outflows across April 14 and 15 — $55.1 million and $36.7 million, respectively.Total cumulative ETF flows to April 15. Source: Farside Investors

The recent outflows for U.S. Bitcoin ETFs follow a rollercoaster weekend for Bitcoin, which is down 11.6% on the week to $63,410, per Cointelegraph Markets Pro.

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Meanwhile, global Bitcoin investment products saw outflows of $110 million for the week ending April 12, which CoinShares’ research head James Butterfill said highlights the “hesitancy amongst investors.”

Butterfill reported all combined crypto investment products saw net outflows of $126 million last week, and week-on-week volumes perked from $17 billion to $21 billion.TradingView data shows Bitcoin hovering above its weekly low. Source: Cointelegraph Markets Pro

Iran’s April 13 attack on Israel sent Bitcoin into freefall, hitting a three-week low of $61,918.

The cryptocurrency’s April 20 slated halving — where its issuance is cut in half — is also causing price volatility as traders eye how it will affect Bitcoin’s price action.

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