• Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFTs
    • Blockchain
    • DeFi
    • AI
    • Policies
  • Market
    • Trends
    • Analysis
  • Interviews
  • Discover
    • For Beginners
    • Tips
  • All Posts
Hot News

Astar Lowers Base Staking Rewards to Mitigate Inflationary Pressure

2025-04-18

Imminent Bitcoin Price Volatility as Speculators Transfer 170K BTC — CryptoQuant

2025-04-18

Spar Supermarket in Switzerland Begins Accepting Bitcoin Payments

2025-04-18
Facebook X (Twitter) Instagram
X (Twitter) Telegram
BlockoalaBlockoala
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFTs
    • Blockchain
    • DeFi
    • AI
    • Policies
  • Market
    • Trends
    • Analysis
  • Interviews
  • Discover
    • For Beginners
    • Tips
  • All Posts
Subscribe
BlockoalaBlockoala
Home » Record ETF outflows continue as BlackRock Bitcoin ETF experiences its first day of withdrawal
Bitcoin

Record ETF outflows continue as BlackRock Bitcoin ETF experiences its first day of withdrawal

2024-05-02No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Record ETF outflows continue as BlackRock Bitcoin ETF experiences its first day of withdrawal
Record ETF outflows continue as BlackRock Bitcoin ETF experiences its first day of withdrawal
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin exchange-traded funds (ETFs) based in the United States have experienced a significant outflow of funds, with BlackRock’s iShares Bitcoin Trust witnessing its first-ever outflow day. On May 1, Farside Investors reported that $36.9 million flowed out of BlackRock’s Bitcoin fund. Preliminary data from Farside reveals that nine other Bitcoin ETFs experienced a combined outflow of $526.8 million, with the Hashdex Bitcoin ETF being the only one unaffected. The Fidelity Wise Origin Bitcoin Fund had the highest outflow for the day, with $191.1 million, followed by the Grayscale Bitcoin Trust with outflows of $167.4 million. This marks the largest single outflow day for U.S.-based spot Bitcoin ETFs since their launch in January. The ARK 21Shares Bitcoin ETF and Franklin Bitcoin ETF also saw outflows of $98.1 million and $13.4 million, respectively. These outflows coincide with a 10.7% decline in Bitcoin’s value over the past week. However, despite the outflows, ETF Store president Nate Geraci highlighted that the iShares Gold ETF and SPDR Gold ETFs have experienced outflows of $1 billion and $3 billion, respectively, this year. Geraci noted that gold’s value has increased by 16% year-to-date. Bloomberg ETF analyst James Seyffart pointed out that the Bitcoin ETFs are still functioning smoothly and that inflows and outflows are a normal part of an ETF’s lifecycle.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Astar Lowers Base Staking Rewards to Mitigate Inflationary Pressure

2025-04-18

Imminent Bitcoin Price Volatility as Speculators Transfer 170K BTC — CryptoQuant

2025-04-18

Spar Supermarket in Switzerland Begins Accepting Bitcoin Payments

2025-04-18

Sygnum Predicts Potential Altcoin Surge in Q2 2025 Due to Enhanced Regulations

2025-04-18
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

Astar Lowers Base Staking Rewards to Mitigate Inflationary Pressure

2025-04-18

Imminent Bitcoin Price Volatility as Speculators Transfer 170K BTC — CryptoQuant

2025-04-18

Spar Supermarket in Switzerland Begins Accepting Bitcoin Payments

2025-04-18

Sygnum Predicts Potential Altcoin Surge in Q2 2025 Due to Enhanced Regulations

2025-04-18
Latest Posts

Astar Lowers Base Staking Rewards to Mitigate Inflationary Pressure

2025-04-18

Imminent Bitcoin Price Volatility as Speculators Transfer 170K BTC — CryptoQuant

2025-04-18

Spar Supermarket in Switzerland Begins Accepting Bitcoin Payments

2025-04-18
Blockoala
X (Twitter) Telegram
  • Home
  • News
  • Market
  • Interviews
  • Discover
  • All Posts
Copyright © 2025 Blockoala. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.