Spot Bitcoin ETFs attract $31m in capital inflows
Net daily capital inflows into spot Bitcoin ETFs reached $31.64 million on April 23, as reported by SoSo Value. While this represents a decrease from the previous day’s inflows of $62 million, there is still a positive trend that has continued for the third trading day.
During this period, Bitcoin funds received a total of $153.29 million in inflows, according to SoSo Value.
In terms of capital inflow rankings, BlackRock’s iShares Bitcoin Trust (IBIT) crypto fund took the top spot on the previous day, adding $37.92 million to its balance sheet. This brings their total funds under management to $15.48 billion. ARK Invest and 21 Shares came in second place with $33.28 million, followed by Bitwise with $23.23 million. The remaining Bitcoin ETFs received a combined total of $6.3 million in inflows.
However, there were also outflows recorded from VanEck’s HODL fund and BTCO from Invesco and Galaxy Digital, respectively, amounting to $1.88 million and $332,480.
IBIT, the spot Bitcoin ETF, has recorded capital inflows for 70 days, earning it a spot in the top 10 best exchange-traded funds in this indicator. It currently has total assets under management (AUM) of $18.18 billion. BlackRock has also added several new authorized partners for its spot Bitcoin ETF, allowing investors to buy and redeem shares for fiat.
In related news, Hong Kong recently approved spot ETFs for Bitcoin and Ethereum. The HashKey Capital and Bosera Capital fund will begin trading in Hong Kong on April 30.
The approval of spot Bitcoin ETFs in Hong Kong raises the question of whether it will have a positive impact on the price of BTC.
