Bitcoin ETF records third largest net outflow, BTC maintains $70,000 level.

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Bitcoin ETF’s Third Largest Net Outflow
Bitcoin Maintains $70,000 Level
Bitcoin ETF’s Third Largest Net Outflow
Farside Investors
Data shows that the Bitcoin spot ETF has ended its net inflow streak of four consecutive days, with a total net outflow of $223 million on April 8th, making it the third largest net outflow since the ETF’s launch:
3/19: -$326 million
3/20: -$261 million
4/8: -$223 million
The ETF data is as follows (from highest to lowest):
Grayscale GBTC: -$303 million
Bitwise BITB: $40.3 million
BlackRock IBIT: $21.3 million
Ark Invest ARKB: $9.3 million
Fidelity FBTC: $6.3 million
The remaining ETFs’ net inflows did not exceed $10 million.
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Bitcoin Maintains $70,000 Level
Although the ETF experienced the third largest net outflow, Bitcoin also maintained its level above $71,000 even after dropping from $72,799 before and after the evening trading of US stocks on April 8th.
Markus Thielen, founder of 10x Research, had previously stated in early March that the flow of Bitcoin ETFs in the US will no longer be the primary driving force behind Bitcoin’s rise. He did not disclose the new driving force or indicator for the rise, but this may be revealed in subsequent reports. He is currently quite bullish on the future Bitcoin market.
(
Bitcoin Approaches Historical High, 10x Research Analyst: Target Price $83,000
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bitcoin
Bitcoin spot ETF
Net outflow
Further reading
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