Daily withdrawal of $71.07 million from Bitcoin ETFs, accumulating total net assets valued at $112.59 billion.
In a recent twist, Bitcoin Exchange-Traded Funds (ETFs) saw a daily net outflow of $71.07 million on some mysterious date, despite a staggering cumulative net inflow of $39.98 billion. This caps a day that saw a total value of $2.05 billion traded. So, how does the Bitcoin ETF market shape up? Let's dive in.
Leading the pack is BlackRock's iShares Bitcoin Trust (IBIT) with a hefty $56.61 billion in net assets, despite not recording any daily inflows. The fund traded a decent $1.59 billion with a total volume of 29.06 million shares. Next in line, Fidelity's Wise Origin Bitcoin Fund (FBTC) suffered a daily net outflow of $48.39 million, but still clings to a respectable $20.02 billion in net assets.
Grayscale's Bitcoin Trust (GBTC) follows closely with $19.19 billion in net assets, although its inflows have been on the negative side with a cumulative net outflow of $22.01 billion. Meanwhile, Ark Invest's ARKB reported a daily outflow of $8.65 million but still boasts $4.82 billion in net assets.
Bitwise's BITB, despite a day with no inflows, maintains a stable $3.85 billion in net assets, thanks to its cumulative net inflow of $2.16 billion. VanEck's HODL ETF experienced a daily net outflow of $4.77 million, holding $1.39 billion in net assets. Meanwhile, Valkyrie's BRRR fund saw a daily outflow of $9.27 million, managing $823.78 million in net assets.
Franklin's EZBC fund and Invesco's BTCO each hold onto net assets of $708.19 million. Both funds recorded no daily inflows, with cumulative net inflows of $444.01 million and $277.18 million, respectively. WisdomTree's BTCW ETF wraps up the list with $392.78 million in net assets and no daily net inflow.
It's worth noting that recent trends indicate geopolitical tensions, macro-economic conditions, market sentiment, investor strategies, and regulatory factors can heavily influence the flow of Bitcoin ETFs. While precise figures mentioned in the query might not align with recent reported data, fluctuations in outflows and inflows can be attributed to the aforementioned factors affecting market sentiment at particular times. Happy investing!
(Note: The figures mentioned regarding Bitcoin ETF flows might not align with recent, specific reports)
- Cryptocurrency Exchange-Traded Funds (ETFs) have experienced a diverse range of inflows and outflows, with Bitcoin ETFs seeing a daily net outflow of $71.07 million on a certain date, despite a staggering cumulative net inflow of $39.98 billion.
- Among the Bitcoin ETFs, BlackRock's iShares Bitcoin Trust (IBIT) holds the largest net assets at $56.61 billion, despite recording no daily inflows.
- Fidelity's Wise Origin Bitcoin Fund (FBTC) suffered a daily net outflow of $48.39 million but still maintains $20.02 billion in net assets.
- Grayscale's Bitcoin Trust (GBTC) has a net asset value of $19.19 billion, despite a cumulative net outflow of $22.01 billion.
- WisdomTree's BTCW ETF, despite no daily net inflow, holds $392.78 million in net assets, wrapping up the list in terms of net assets among the mentioned Bitcoin ETFs.
