According to U.Today, Bitcoin spot ETFs have recorded a net inflow of $213 million, marking the third consecutive day of such inflows. This is in stark contrast to the Grayscale Bitcoin Trust (GBTC), which experienced a significant net outflow of $79.3 million in a single day. This has contributed to GBTC's historical net outflow, which currently stands at $15.31 billion.
Among the Bitcoin spot ETFs, BlackRock's ETF, IBIT, saw the highest single-day net inflow of approximately $144 million. This has contributed to IBIT's total historical net inflow of $14.4 billion. BlackRock updated its Bitcoin ETF prospectus on April 5, adding major Wall Street firms such as ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities as new authorized participants. These firms join others like JPMorgan Securities, Jane Street Capital, Macquarie Capital, and Virtu Americas. Authorized participants play a crucial role in the ETF operational mechanism, facilitating the creation and redemption of ETF shares.
Crypto analyst Willy Woo has recently suggested that BlackRock's $9.5 trillion in assets under management could potentially shift towards digital assets, notably Bitcoin, as younger generations show increasing confidence in cryptocurrency.