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- According to Soso Value, Bitcoin ETF net inflow increased by $62.0899 million last Monday.
- Grayscale’s GBTC recorded a net outflow of $34.993 million on the same day.
- Bitcoin gained 2.89% following increasing ETF inflows after Friday’s halving event.
Data from Soso Value, the platform for ETF data aggregation, shows that the total net inflow of Bitcoin spot ETF on Monday, April 22, was $62.0899 million. Significantly impacting this net inflow was the outflow from the GrayScale GBTC, which Soso Value recorded as $34.993 million.
According to SoSoValue, the total net inflow of Bitcoin spot ETF yesterday, April 22, was $62.0899 million. Grayscale GBTC had a single-day net outflow of $34.993 million. The single-day net inflow of Fidelity ETF FBTC was US$34.8334 million, and the historical cumulative net… pic.twitter.com/yt2vTMA5bm— Wu Blockchain (@WuBlockchain) April 23, 2024
Fidelity’s FBTC topped the ETF inflows on that particular day, with an influx of $34.8334 million worth of investment, pushing the historical cumulative net inflow of the Bitcoin spot ETF to $12.384 billion. Other ETFs added to this cumulative net inflow, with Ark Investment’s ARKB attracting a net inflow of $22.56 million.
Soso Value’s data further showed that the ETF with the third-highest inflow on Monday was BlackRock’s IBIT, with a net inflow of $19.65 million. Four other ETFs had notable inflows, including Franklin Templeton’s EZBC with $7.70 million and VanEck’s HODL with $7.51 million. Others are Invesco’s BTCO, which had a $2.66 million net inflow on Monday, and Bitwise’s BITB, with a net inflow of $2.17 million on the same day.
Notably, the increasing net ETF inflow across the listed products impacted Bitcoin’s price significantly on Monday. According to data from TradingView, BTC opened the day at $64,951 before printing a classic bullish candle. The flagship crypto price surged by 2.89%, closing the day at $66,855 after reaching a daily high of $67,241.
Yesterday’s rally pushed Bitcoin above significant resistance at $64,511, confirming an upward movement after last Friday’s Bitcoin halving. Bitcoin bounced off local support at $59,629 after the halving event and has gained 12.83% in the current rally. The pioneer crypto traded for $66,429 at the time of writing.
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