Bitcoin ETF | GBTC sees net outflow of 300 million USD, Bitcoin briefly drops below 66K

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Five-Day Inflow Halted, Bitcoin ETF Sees Net Outflow Again

Farside Investors data shows that the Bitcoin spot ETF ended a net inflow streak of four consecutive days, with a total net outflow of $85.7 million on April 1st.

ETF data from various sources are as follows from highest to lowest:

• Grayscale GBTC: -$302 million

• ARK Invest ARKB: -$300,000

• BlackRock IBIT: $165 million

• Fidelity FBTC: $44 million

The net inflow of other ETFs did not exceed $10 million.

Bitcoin, Ethereum Fall Below $66K and $3.5K

Bitcoin rose to $71,400 in the early morning of April 1st, but fell to a low of $66,687 on the morning of the 2nd, down 8%.

Ethereum dropped to $3,313, and was at $3,382 at the time of writing.

South Korean exchange Upbit sees a 73% monthly drop in trading volume, is the altcoin frenzy reaching its peak?

Ethereum Spot ETF Approval Odds Surpass 99%

James Seyffart jokingly stated on April Fools' Day that Bloomberg analysts have raised the approval odds for the Ethereum ETF to 99%, but this was just a joke.

He mentioned that the chances are still very low and apologized to Ethereum supporters for any false hopes.

We have increased our odds of a May #Ethereum ETF approval to 99%

— James Seyffart (@JSeyff) April 1, 2024