Bitcoin ETF Surge
- Bitcoin spot ETFs saw renewed inflows this week, reversing earlier outflows and lifting price action. (investinglive.com) - ETF flows reached about $1.5 billion while short liquidations topped $200 million in the latest session. (investinglive.com) - BlackRock’s IBIT pulled in over $284 million in a day, yet options positioning shows resistance near a $72,000 expiry level. (intellectia.ai) (ainvest.com)
Bitcoin is climbing again as money flows back into U.S. spot Bitcoin exchange-traded funds after a stretch of withdrawals. (farside.co.uk) Farside Investors’ daily table shows U.S. spot Bitcoin funds took in $663.9 million on April 17, $238.4 million on April 20, $11.8 million on April 21, and $85.0 million on April 22. The same table shows BlackRock’s iShares Bitcoin Trust, or IBIT, led April 22 with $56.7 million, while Fidelity’s FBTC added $15.4 million and Grayscale’s GBTC lost $16.6 million. (farside.co.uk) That rebound followed a choppier start to April, when the same Farside data showed net daily outflows of $159.1 million on April 7, $93.9 million on April 8, and $291.0 million on April 13. By April 17, the group had swung back to its strongest one-day intake in the period shown. (farside.co.uk) A spot Bitcoin exchange-traded fund is a stock-market wrapper that buys and holds Bitcoin directly, letting investors get exposure through a brokerage account instead of a crypto exchange. Farside’s cumulative table puts total net inflows into U.S. spot Bitcoin funds at $58.1 billion since launch, with IBIT alone at $64.9 billion and GBTC still showing $26.2 billion of cumulative net outflows. (farside.co.uk) The price move has also forced bearish traders out of leveraged bets. CoinGlass showed about $126.4 million in Bitcoin liquidations over the last 24 hours on April 23, with roughly $90.5 million, or 71.7%, coming from short positions that were betting on a drop. (coinglass.com) CoinGlass said Binance accounted for 41% of those Bitcoin liquidations in the 24-hour window, followed by Bybit at 19.1% and Hyperliquid at 13.5%. The site also listed the largest single Bitcoin liquidation at about $7.5 million. (coinglass.com) The fund leaderboard has widened since the products launched in January 2024. Farside’s running totals show IBIT at $11.1 billion of cumulative net inflows, ahead of Fidelity’s $2.1 billion, while Grayscale’s lower-fee Bitcoin Mini Trust has added about $2.25 billion. (farside.co.uk) For now, the thread running through both markets is the same: cash is returning to the funds, and rising prices are squeezing traders who were positioned the other way. (farside.co.uk) (coinglass.com)
