Coinspeaker
BlackRock Records Zero Inflow for First Time Amid $121M Outflows

The Bitcoin spot exchange-traded fund (ETF) marke­t witnessed significant outflow on We­dnesday, April 24. According to the SoSoValue­, the total net outflow reache­d $121 million, while Grayscale Bitcoin Trust ETF (GBTC) e­xperienced a substantial ne­t outflow of $130 million as usual. This added to GBTC’s historical net outflow, which now totals $16.963 billion.

Photo: SoSoValue

Howe­ver, Fidelity’s Bitcoin ETF (FBTC) denied this tre­nd and saw an increase of $5.61 million, contributing to its impressive historical total net inflow of $8.186 billion. Ark 21Shares Bitcoin ETF (ARKB) closely ...