BlackRock’s Bitcoin ETF Records $0 Daily Inflows For First Time As BTC Price Nosedives

BlackRock’s Bitcoin ETF Records $0 Daily Inflows For First Time As BTC Price Nosedives
фото показано с : zycrypto.com

2024-4-26 17:29

BlackRock Bitcoin ETF’s 71-day inflow streak abruptly ended on April 24 after IBIT recorded no inflows for the day for the first time since going live on January 11. IBIT did not attract any fresh investor capital as United States spot ETFs saw a total daily net outflow of $120.64 million on Wednesday.

IBIT Breaks Inflow Streak

The BlackRock iShares Bitcoin Trust (IBIT) has posted its first day of $0 inflows since spot Bitcoin exchange-traded funds (ETFs) were introduced in the U.S. in mid-January to much fanfare. 

Financial giant BlackRock has seen its ETF draw in investments worth millions of dollars daily, amassing an impressive $15 billion in just 71 days. The fund has seen more deposits than withdrawals every single trading day. The other ETFs have raked in a total net inflow of roughly $12 billion. 

However, BlackRock’s inflow streak ended on April 24. Given that most investors are tracking ETF flows to evaluate the market sentiment, BlackRock’s failure to attract any fresh capital on Wednesday might be a bearish sign for the market — at least in the short term.

Farside Investors data shows that the majority of the other Bitcoin ETF issuers also experienced a dry spell. Of the 11 U.S.-listed Bitcoin ETFs, Fidelity’s FBTC and ARK 21Shares Bitcoin ETF (ARKB) were the only two to register inflows of $5.6 million and $4.2 million, respectively.

Grayscale’s GBTC continued to hemorrhage cash. GBTC recorded $130.4 million in outflows on April 24, leading to a new cumulative outflow of $120.6 million on the day.

While the lack of inflows is a sign of waning demand and a first for BlackRock’s IBIT, it’s rather common for other ETF providers. Case in point, Fidelity’s FBTC has posted three days of zero inflows over the past two weeks. 

Bitcoin Tumbles As Crypto Market Bleeds

Regardless of the impact of IBIT’s now-interrupted inflow streak, the overall cryptocurrency market sentiment seems bearish. According to CoinGecko, Bitcoin is now trading for $64,075, having plunged by 3.4% in the past day.

Other top 20 cryptocurrencies have taken a bigger hit. Solana (SOL) has shed nearly 6.2% of its value in the past 24 hours and is valued at around $146.88.

Elsewhere, Telegram-linked Toncoin (TON) is another big loser. It has dropped by more than 7.8% in a day and is now priced at about $5.36.

Leading meme coin Dogecoin (DOGE), the eighth largest digital asset by market cap, is priced at $0.1505, having slipped by nearly 7%.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Amun Bitcoin 3x Daily Long (BTC3L) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 BTC3L

daily saw total capital etfs spot states

Источник: zycrypto.com

daily saw → Результатов: 126


Crypto Fever: Bitcoin Smashes Records, Approaching $73,000 Milestone

Bitcoin has set a new record by surpassing $71,000, solidifying its status as the digital counterpart to gold and overtaking the market capitalization of silver. Related Reading: Cloudy Future For Ethereum ETFs – What’s Casting Doubt On Their Fate? Bitcoin A Tad Close To $73K This achievement, occurring with remarkable frequency since early March, saw Bitcoin registering a new all-time high of $72,750 today, marking a 5% daily increase and an 12% gain over the past week.

2024-3-12 09:48


Фото:

Crypto investment products near all-time high with $1.84 billion weekly net inflow

Crypto-related investment products saw significant inflows last week, totaling $1. 84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges.

2024-3-5 19:29


Why Is cheqd CHEQ Price Up By 24%?

The cheqd (CHEQ) token saw strong gains over the last 24 hours, jumping over 24% to a daily high of $0.1359 before settling around $0.12 at press time. The native token of the cheqd self-sovereign identity platform has seen high volatility recently, with the last 24 hours producing a trading range from a low of […] The post Why Is cheqd CHEQ Price Up By 24%? appeared first on CaptainAltcoin.

2024-2-12 12:30


ETHEREUM PRICE ANALYSIS & PREDICTION (January 1) – ETH Continues to Lose Momentum After Facing Rejection, Big Drop Around The Corner? 

Ethereum advanced bullish this week and broke out to a new yearly high. But it saw a rejection and failed to sustain bullish momentum. The price slipped and now looks weak on the daily timeframe.  Following a quick recovery above the $2100 level in the mid-month, Ethereum’s price increased and […]

2024-1-2 13:37


Фото:

Litecoin (LTC) active addresses soar consistently as holders profit

Litecoin (LTC) recorded impressive performance over the past month. The decentralized project recorded surges in active addresses, volume, and 24-hour transactions. Despite bearishness that saw it hitting new price lows after the halving event, 2023 saw LTC attaining a new record, with the daily transactions exceeding 1 million for the first time. Litecoin hits new […]

2023-12-31 15:21


Количество новых Litecoin-адресов подскочило почти на 55%

В период с 10 по 17 июня количество новых адресов в сети Litecoin увеличилось на 54,6%, превысив планку в 300 000. Active addresses & new addresses are back on the rise for #Litecoin. Daily active addresses saw a 28% 7-day increase & new addresses saw a 54.

2023-6-21 18:58


On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals

Key Takeaways The SEC sued Binance on Monday and Coinbase on Tuesday 5% of Coinbase’s Ethereum balance was withdrawn Tuesday, with around 3% of Binance’s reserves withdrawn Overall, the movements are not significant compared to previous episodes or average daily outflows Bitcoin saw even less withdrawals, negligible amounts withdrawn from each exchange Coinbase’s lawsuit presents […] The post On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals appeared first on CoinJournal.

2023-6-9 10:36


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Hedera's HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish

Hedera's native HBAR token surged by more than 107% on Tuesday as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain, the token then slumped by more than 25% as BlackRock turned out to have no involvement in the launch.