Bitcoin ETFs See $442M Daily Inflow As BTC Hovers Around $94,000
Spot Bitcoin ETFs registered $442 million in net inflows on April 24, marking five consecutive trading days of positive flows and pushing the cumulative inflow above $2.5 billion for the week.
What Happened: Blackrock‘s (NASDAQ:IBIT) led the inflows with $327.2 million, followed by Ark & 21Shares (CBOE: ARKB) at 97 million.
Ethereum ETFs also saw a net inflow of $63.4 million, although Grayscale‘s (NYSE:ETH) recorded an outflow, according to data from SoSo Value.
Speaking with Benzinga, Matteo Greco, Senior Associate & Digital Asset Analyst at Fineqia, attributes the surge to both long- and short-term investor interest but emphasizes the structural tilt of ETFs toward long-term capital.
“Even during the recent 30% drawdown from Bitcoin’s all-time high, ETF outflows represented only about 15% of …
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