Bittime - After experiencing a slight decline yesterday, the Bitcoin Spot ETF net inflowis showing a positive trend again. According to SoSoValue data, Bitcoin Spot ETF total net inflows yesterday (April 3, EST) reached US$113 million.
Fidelity ETF FBTC Sets New Record
The Fidelity ETF FBTC was the star performer in yesterday's net inflows. This ETF fund set a record with daily net inflows of US$116 million. This achievement further confirms FBTC's position as a leader in terms of Bitcoin Spot ETF accumulation. FBTC's total net inflow to date has reached US$7.77 billion.
Check Today's Crypto Market:
BlackRock IBIT Remains Stable
BlackRock iShares Bitcoin ETF (IBIT) still consistently attracts investor interest. IBIT's daily net inflow was recorded at US$42.03 million, bringing its total historical net inflow to US$14.32 billion.
Also Read: BlackRock: The Global Investment Giant and Its Move Towards a Bitcoin ETF
Grayscale GBTC Experiences Outflows
In contrast to the positive trend of other Bitcoin Spot ETFs, Grayscale Bitcoin Trust (GBTC) actually experienced daily net outflows of US$75.14 million. These outflows bring GBTC's historical outflow total to US$15.23 billion.
Also Read: Grayscale: Crypto Asset Management Company and Its Plans for a Bitcoin ETF
Significant Bitcoin Spot ETF Growth
Despite GBTC experiencing outflows, the Bitcoin Spot ETF's overall growth remains impressive. As of today, the total net asset value of the Bitcoin Spot ETF reached US$55.08 billion. This figure represents a ratio of ETF net assets to total Bitcoin market capitalization of 4.26%. Meanwhile, the Bitcoin Spot ETF's total accumulated historical net inflows reached US$12.19 billion.
Also Read How to Buy Crypto:
Investor Interest Continues to Increase
The significant increase in Bitcoin Spot ETF net inflows shows investors' continued interest in this crypto asset. The dominance of Fidelity FBTC and the stable performance of BlackRock IBIT further solidify Bitcoin Spot ETF's position as an attractive investment instrument. Although Grayscale GBTC experienced outflows, the data overall suggests a bright future for the Bitcoin Spot ETF.
Check Crypto Prices Today:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Buy Bitcoin vs Spot Bitcoin ETF, Which is More Profitable?
Why Did Bitcoin Prices Drop After Bitcoin Spot ETF Was Approved?
Bitcoin Trading Strategy: How to Make Money from Bitcoin
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.