In a stunning turn of events, US-based Bitcoin exchange-traded funds (ETFs) have witnessed their largest single-day net inflow in nearly two months. A remarkable $381.3 million flooded in on April 21, marking the highest daily inflow since January 30. It was back then, in the midst of Bitcoin’s soaring euphoria, that the funds saw a cool $588.1 million pouring in. But who’s counting?
ARK and Fidelity: The Real Winners of the Bitcoin ETF Showdown
April 21 proved to be an exciting day for Bitcoin ETFs. The money came in waves, with ARK 21Shares Bitcoin ETF (ARKB) scooping up the lion’s share at $116.1 million. Close on its heels was the Fidelity Wise Origin Bitcoin Fund (FBTC), attracting $87.6 million. Bitcoin had just reclaimed the $88,000 level, and apparently, everyone wanted a piece of the action. Who can blame them? 😏
Meanwhile, Grayscale, which had suffered major losses after switching its Bitcoin trust to an ETF, has slowly but surely managed to claw its way back. The Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) saw combined inflows of $69.1 million. It’s nice to see the underdog rise, isn’t it? 🐕
Even BlackRock’s iShares Bitcoin Trust ETF (IBIT), with the largest assets under management, wasn’t left out of the Bitcoin bonanza, pulling in $41.6 million—around half of what it had seen before the weekend break. As the saying goes, “Even the big fish need to eat,” but sometimes their meals are a bit lighter. Other smaller players like HODL and EZBC also managed to stir the pot with inflows of $11.7 million and $10.1 million, respectively. It’s a good day to be a Bitcoin ETF, it seems.
US Investors: A Cautious Bunch?
While Bitcoin ETFs had a solid day, the overall digital asset investment landscape tells a different story. According to CoinShares’ latest weekly report, the US continues to show a more hesitant approach to crypto, with $71 million in net outflows for the week. Oh, America, always walking the cautious line. The one-day rush doesn’t seem to change the bigger picture: investors are nervous, perhaps fearing they’re late to the party? 🧐
In stark contrast, Europe is brimming with optimism. Switzerland led the charge with $43.7 million in inflows, followed by Germany’s $22.3 million and Canada’s $9.4 million. Looks like Europe’s party is just beginning! Meanwhile, the US retail market stirred up more drama with stronger-than-expected sales figures, leading to a mid-week outflow of $146 million. Oh, the ups and downs of it all! 🎢
Bitcoin-focused products didn’t fare much better either. They ended the week with meager outflows of $6 million. And the short Bitcoin products? Well, they recorded their seventh consecutive week of outflows—$1.2 million this time. Talk about a long stretch of bad luck. It’s almost like they’re trying to pick the wrong horse every week. 🤦♂️
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2025-04-22 17:28