Capital Inflows Into Spot Bitcoin ETFs Total $31m

On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million.

According to SoSo Value, despite the decrease in asset inflows from $62 million on April 22 to $31 million on April 23, a positive trend has continued for the third trading day.

During this period, Bitcoin funds received $153.29 million from inflows.

A day earlier, BlackRock‘s iShares Bitcoin Trust (IBIT) crypto fund took first place in capital inflow. It added $37.92 million to its balance sheet, bringing funds under management to $15.48 billion.

In second place is an investment product from ARK Invest and 21 Shares with $33.28 million; in third place is the fund from Bitwise with $23.23 million. The rest of the Bitcoin ETFs received a total of $6.3 million.

However, outflows were recorded from VanEck’s HODL fund and BTCO from Invesco and Galaxy Digital, respectively, $1.88 million and $332,480.

For the spot Bitcoin ETF, IBIT has recorded capital inflows for 70 days. Thus, the product entered this indicator’s top 10 best exchange-traded funds.

IBIT has total assets under management (AUM) of $18.18 billion. BlackRock has also added several new authorized partners for its spot Bitcoin ETF. Their participation allows investors to buy and redeem shares for fiat.

Meanwhile, on April 15, Hong Kong approved spot ETFs for Bitcoin and Ethereum. The HashKey Capital and Bosera Capital fund will begin trading in Hong Kong on April 30.