- The BTC ETF saw nearly $100 million spills on Thursday, according to Farside data.
- The only ETF to see the influx on Thursday was BlackRock’s IBit.
- As of Thursday, the BTC ETF had seen a total net spill of about $98 million this week.
The US Bitcoin ETF saw another day’s leak on Thursday.
The BTC ETF saw nearly $100 million spills on Thursday, according to Farside data.
The only ETF to see the influx on Thursday was BlackRock’s IBit. We have registered a net inflow of approximately $65 million.
FBTC, BITB, ARKB and HODL all saw the leak. The largest spill was registered by the Grayscale Bitcoin Trust, which had a spill of about $60 million.
Earlier this week, Grayscale Investments launched two innovative exchange sales financing (ETFs) designed to leverage Bitcoin volatility to generate consistent revenue.
This week’s BTC ETF
The US spot Bitcoin ETF saw net inflows on Wednesday, breaking a three-day outflow amidst the wider market slump.
Data from Farside showed that the fund posted a net inflow of $218 million.
BlackRock’s Ishares Bitcoin Trust (IBIT) was the only fund to record the spill on April 2, with net redemption of $115 million.
As of Thursday, the BTC ETF had seen a total net spill of about $98 million this week.
The ETH ETF also saw a net spill of about $50 million this week.
Bitcoin is stable
The US stock market has fallen sharply after President Donald Trump announced global tariffs, with the NASDAQ Composite Index experiencing one of the sharpest declines since 2000.
According to Investing.com, the index fell 5.5% on Thursday, placing it just outside the worst, worst losses since the beginning of the century.
In contrast, Bitcoin (BTC) often moved along with US stocks over a short time frame and forked from that pattern.
BTC continued its momentum until Friday, rising 0.7% after falling short of the announcement while the market was closed, according to GlassNode data.
Bitcoin is currently trading over $84,000 to about $87,000 before Trump’s remarks.
Nasdaq futures are under pressure ahead of future US employment reports.
The Post BTC ETF sees nearly $100 million outflows among post-exercise volatility first appeared on Coinjournal.
