- The Bitcoin ETF market shows diverse inflow patterns, with BlackRock’s IBIT ETF leading at +$30.58M.
- Fidelity’s FBTC ETF faced a major outflow of -$113.80M, diverging from the general trend.
- Total Bitcoin ETF net assets reached $93.65B, accounting for 5.60% of Bitcoin’s market cap.
According to a recent post on by Satoshi Club, Bitcoin ETF has been recording varied market movements. Satoshi Club noted that U.S. spot Bitcoin ETFs recorded $76.4M in net inflows on Tuesday, continuing a recovery after last week’s $878M outflow patterns.
However, a recent update indicates that the outflow stretched as the total daily net inflow stands at a negative $169.87 million, with a cumulative total net inflow of $35.27 billion. The total net assets across all ETFs amount to $93.65 billion, representing 5.60% of Bitcoin’s total market cap as of April 16.
IBIT ETF Sees Strong Inflows as Fidelity’s FBTC ETF Experiences Outflow
A deeper update by SoSoValue indicates that BlackRock’s IBIT ETF on the NASDAQ saw a daily net inflow of $30.58 million and cumulative net inflows of $39.67 billion. The ETF’s total net assets stand at $48.12 billion, with a Bitcoin market share of 2.88%. It saw a fee of 0.25% and experienced a price change of +0.46%.
Fidelity’s FBTC ETF on the CBOE had a 1-day net inflow of -$113.80 million, a substantial drop compared to other ETFs. Its cumulative net inflow is $11.26 billion, with net assets of $16.34 billion. The ETF holds a Bitcoin market share of 0.98%, with a 0% fee and a daily change of +0.38%.
Grayscale GBTC ETF’s Market Share Declines as Inflows Stay Flat
The Grayscale GBTC ETF, listed on the NYSE, had no change in its daily net inflow, remaining at $0.00. It showed a negative cumulative net inflow of $22.78 billion, with net assets of $16.04 billion. The Bitcoin market share for this ETF is 0.96%, and the fee stands at 1.50%.
The BTC fund on the NYSE, also operated by Grayscale, had a daily inflow of $3.36 million, donating to a cumulative net inflow of $12.81 million. Its total net assets are $3.47 billion, and it holds a 0.21% Bitcoin market share. This ETF has a fee of 0.15% and experienced a daily change of +0.39%.
ARKB, handled by Ark Investment, showed a negative total inflow of -$113.25 million, with assets of $3.86 billion. Its market share is 0.23%, with a fee of 0.21% and a daily price difference of +0.38%.
The total market value traded across all ETFs in the data is $1.83 billion as of April 16. The listed ETFs trade a combined 1.19 million shares on average daily. This data shows a mix of both positive and negative flows across the various Bitcoin-related ETFs, providing insight into the movements and trends within the crypto investment market.
