BTC Spot ETF, 7 Consecutive Trading Days of Net Inflow...Led by BlackRock IBIT Large-scale Inflow

Spot Bitcoin ETF inflow (Source: @thepfund, X)

As of April 28 (local time), approximately $581 million (about 790 billion won) have flowed into the US Bitcoin (BTC) spot ETF, marking a net inflow for seven consecutive trading days. According to Trader T's tally, only in BlackRock's IBIT ETF did $960.7 million flow, leading the total net inflow. On the other hand, $86.9 million from Fidelity (FBTC), $21.1 million from Bitwise (BITB), $226.3 million from Ark Invest (ARKB), $2.7 million from VanEck (HODL), and $42.7 million from Grayscale (GBTC) were respectively net outflows. In the remaining Invesco (BTCO), Franklin (EZBC), Valkyrie (BRRR), WisdomTree (BTCW), and Grayscale Mini (BTC) ETFs, no particular net inflows or outflows occurred. It is analyzed that the recent strong inflow of funds, along with an increase in institutional demand, is having a positive impact on the Bitcoin market.