Bittime - Bitcoin (BTC) investorsseem optimistic again. This can be seen from the increase in net inflow to the Bitcoin Spot ETF (Exchange Traded Fund) which reached US$62.0899 million as of April 22, 2024.
Grayscale Still Experiencing Outflow
Despite an increase in overall inflow, Grayscale Bitcoin Trust (GBTC), one of the largest Bitcoin Spot ETFs, still experienced an outflow of US$34,993 million. This outflow adds to GBTC's historical outflow record which has now reached US$16.766 billion.
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Fidelity and Ark Invest Score Highest Inflows
While GBTC experienced outflow, Fidelity Bitcoin ETF (FBTC) actually became the ETF with the highest inflow yesterday. FBTC managed to record an inflow of US$34.8334 million. In this way, the total historical inflow of FBTC reached US$8.176 billion.
In second place, there are Ark Invest and 21Shares Bitcoin ETF (ARKB) which recorded an inflow of US$22.5556 million. This inflow increases ARKB's total historical inflow to US$2.234 billion.
The Current State of Bitcoin Spot ETFs
As of this writing, the total net asset value of the Bitcoin Spot ETF reached US$55.719 billion. This value represents the ETF's net asset ratio (the proportion of the ETF's market value to the total Bitcoin market value) of 4.26%. Meanwhile, the Bitcoin Spot ETF's total historical cumulative inflow reached US$12.384 billion.
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Interest in Bitcoin Increases
Yesterday's increase in Bitcoin Spot ETF inflow is an indication that investors are again interested in this crypto asset. Even though GBTC is still experiencing outflows, several other ETFs such as FBTC and ARKB actually recorded significant inflow gains.
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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:
Bitcoin Spot ETF Experiences 5th Consecutive Day of Outflows
Bitcoin Spot ETF Increases Again, Inflows Reach US$113 Million
Buy Bitcoin vs Spot Bitcoin ETF, Which is More Profitable?
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.
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