On Monday, April 8, there was a total outflow of $224 millio

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On Monday, April 8, there was a total outflow of $224 million from eleven newly launched spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows that saw a net $570 million flow into institutional investment products.📉 This week's exit was also weighed down by Grayscale, which experienced its largest GBTC exit since March 25. GBTC lost $303 million during the day, which equates to approximately 4,300 BTC. The fund's total outflow since its conversion to a spot ETF in January is $15.8 billion, which is 48% of the BTC held before the conversion.😲 HODL15Capital noted that despite GBTC outflows, new ETFs purchased 520,544 BTC in three months, a net increase of approximately 220,000 BTC. BlackRock and Fidelity both had very low entry days, $21.3 million and $6.3 million respectively. The leading fund of the day was the Bitwise BITB ETF, which had an inflow of $40.3 million. ARK 21Shares' ARKB came in third with $9.3 million in inflows, but overall ETF inflow numbers were weak.📊 Bitcoin prices reached $72,500 late on April 8, the highest level in more than three weeks. What do you think about this news? We are waiting for your comments!💬

On Monday, April 8, there was a total outflow of $224 million from eleven newly launched spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows that saw a net $570 million flow into institutional investment products.📉
This week's exit was also weighed down by Grayscale, which experienced its largest GBTC exit since March 25. GBTC lost $303 million during the day, which equates to approximately 4,300 BTC. The fund's total outflow since its conversion to a spot ETF in January is $15.8 billion, which is 48% of the BTC held before the conversion.😲
HODL15Capital noted that despite GBTC outflows, new ETFs purchased 520,544 BTC in three months, a net increase of approximately 220,000 BTC.
BlackRock and Fidelity both had very low entry days, $21.3 million and $6.3 million respectively.
The leading fund of the day was the Bitwise BITB ETF, which had an inflow of $40.3 million. ARK 21Shares' ARKB came in third with $9.3 million in inflows, but overall ETF inflow numbers were weak.📊
Bitcoin prices reached $72,500 late on April 8, the highest level in more than three weeks.
What do you think about this news? We are waiting for your comments!💬