Bitcoin (BTC) exchange-traded funds (ETFs) saw a significant increase in net inflows on April 3, totaling $113.5 million, marking the most substantial daily net inflow since March 28. The surge was driven by Fidelity’s FBTC, which saw its highest net inflow since March 26, reaching $116.7 million. According to Farside data, FBTC’s total net inflows rose to an impressive $7,768.0 billion.
Bitwise’s BITB also had a positive contribution, attracting $23.0 million in net inflows, the strongest since March 28, with total net inflows amounting to $1,664.9 billion.
However, Grayscale’s GBTC experienced outflows of $75.1 million, although this was lower than the previous day and the lowest since February 26. Despite the outflows, GBTC’s total outflows have reached $15,227.1 billion, with its BTC holdings decreasing to approximately 325,000 BTC from 621,000 BTC before the ETF launch on January 11, as per Glassnode data.
Overall, total net inflows for Bitcoin ETFs have surged to $12,196.8 billion, indicating sustained interest and demand for Bitcoin investment products. This positive news comes amidst the backdrop of increasing adoption and acceptance of cryptocurrency investments.
