BitcoinMonthly Overview
In April 2024, spot crypto ETFs experienced a net outflow of -$345.1M, with flows primarily concentrated in Bitcoin. Despite a total inflow of +$2.3B, the significant outflow of -$2.6B from Bitcoin dominated the month’s activity.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Apr 1 – Apr 5 | +$483.7M |
| Apr 8 – Apr 12 | -$83.3M |
| Apr 15 – Apr 19 | -$204.3M |
| Apr 22 – Apr 26 | -$328.0M |
| Apr 29 – Apr 30 | -$213.2M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$1.5B
- Fidelity (BTC): +$556.1M
- Bitwise (BTC): +$125.0M
- VanEck (BTC): +$37.7M
- Franklin (BTC): +$20.8M
Largest outflows
Market Interpretation
The outflows were largely driven by Grayscale, which saw a substantial withdrawal of -$2.5B. Other notable outflows came from 21Shares and Valkyrie, indicating a trend of capital leaving the market. The best day for inflows was April 4, with +$213.4M, while the worst day occurred on April 8, reflecting a strong selling pressure.
Conclusion
April concluded with a net figure of -$345.1M, reflecting the challenges faced by Bitcoin amid fluctuating investor sentiment. The month showcased a stark contrast between substantial inflows and dominant outflows.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.