Bitcoin falls below 63K, ETF sees net outflows for three consecutive days, BlackRock and Fidelity's stellar record interrupted
Table of Contents
Table of Contents
Bitcoin Spot ETF Sees Three-Day Net Outflow
Data from SoSo Value shows that the Bitcoin Spot ETF had a strong start last week but experienced net outflows for three consecutive days after two days of inflows.
The data from April 22 to April 26 is as follows:
April 22: $62.2 million
April 23: $31.6 million
April 24: -$120 million
April 25: -$217.6 million
April 26: -$83.6 million
BlackRock and Fidelity Records Interruption
The flow last week also broke some records, with BlackRock's IBIT seeing a halt to its 71-day streak of net inflows on the 24th, 25th, and 26th days, with no net inflows.
Meanwhile, Fidelity's FBTC saw its first net outflow on the 25th and continued to see outflows for two consecutive days.
BlackRock's IBIT halted its 71-day streak of net inflows, while Grayscale's GBTC continued its streak of net outflows
Fourth Largest ETF Net Outflow
The $217.6 million net outflow on April 25th is also the fourth largest outflow since January 11th:
March 19: -$326 million
March 20: -$261 million
April 8: -$223 million
April 25: -$217.6 million
As of the deadline, Bitcoin fell below $63K, around $62,733, and has been consolidating between $65K and $62.5K since April 25th.
