{"id":12221,"date":"2024-04-02T18:05:38","date_gmt":"2024-04-02T15:05:38","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-etf-outflows-resume-ibit-and-fbtc-inflows-fail-to-counter-gbtc-impact\/"},"modified":"2024-04-02T18:05:38","modified_gmt":"2024-04-02T15:05:38","slug":"bitcoin-etf-outflows-resume-ibit-and-fbtc-inflows-fail-to-counter-gbtc-impact","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-etf-outflows-resume-ibit-and-fbtc-inflows-fail-to-counter-gbtc-impact\/","title":{"rendered":"Bitcoin ETF Outflows Resume: IBIT and FBTC Inflows Fail to Counter GBTC Impact"},"content":{"rendered":"<p>On April 1, net outflows from spot Bitcoin ETFs reached $85.8 million. The trend turned negative again on the fifth trading day due to Grayscale&#8217;s GBTC, which saw $302.6 million in client funds withdrawn, according to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\">SoSoValue<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-981.webp\" alt=\"1-981\" class=\"wp-image-229862\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Inflows into BlackRock&#8217;s IBIT amounted to $165.85 million, while Fidelity&#8217;s FBTC saw $44 million. <\/p>\n<p>This was insufficient to offset the outflows from GBTC, which since the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">product&#8217;s approval<\/a> have exceeded $15 billion.<\/p>\n<p>In terms of Bitcoin, the fund&#8217;s balance fell from 619,000 BTC to 333,619 BTC ($22 billion), according to <a href=\"https:\/\/www.coinglass.com\/bitcoin-etf\/GBTC\">CoinGlass<\/a>. The equivalent figures for IBIT and FBTC rose to 255,050 BTC ($16.85 billion) and 146,600 BTC ($9.69 billion), respectively.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/GBTC22.webp\" alt=\"GBTC22\" class=\"wp-image-229865\"\/><figcaption class=\"wp-element-caption\">Data: CoinGlass.<\/figcaption><\/figure>\n<p>ARKB from Ark Invest 21Shares recorded its first-ever outflow of $0.3 million.<\/p>\n<p>The slowdown in daily withdrawal rates from GBTC, from a record $642.5 million on March 18 to $104.9 million on March 28, led to expectations of reduced impact on the overall inflow dynamics into BTC-ETFs.<\/p>\n<p>CoinShares has suggested that Bitcoin ETFs <a href=\"https:\/\/forklog.com\/en\/news\/coinshares-predicts-imminent-demand-shock-for-bitcoin\">may face a demand shock<\/a> in the coming months.<\/p>\n<p><span data-descr=\"Chief Investment Officer\" class=\"old_tooltip\">CIO<\/span> of Bitwise, Matt Hougan, predicted an increase in the allocation of digital gold <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-predicts-bitcoin-allocation-in-portfolios-to-reach-3\">to 3%<\/a> amid the success of exchange-traded funds. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 1, net outflows from spot Bitcoin ETFs reached $85.8 million. The trend turned negative again on the fifth trading day due to Grayscale&#8217;s GBTC, which saw $302.6 million in client funds withdrawn, according to SoSoValue. Data: SoSoValue. Inflows into BlackRock&#8217;s IBIT amounted to $165.85 million, while Fidelity&#8217;s FBTC saw $44 million. This was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,569,1248,1214,1145],"class_list":["post-12221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-etf","tag-fidelity-investments","tag-grayscale-bitcoin-trust","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12221"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12220"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}