For the second trading day in a row, nine of the eleven newly launched spot Bitcoin ETFs have had a fund flow of zero.
Only Grayscale and BlackRock have had flows on April 12 and 15 as every other fund was inactive, according to preliminary data from Farside Investors.
The continued outflow of funds from Grayscale’s GBTC also means that the net aggregate has flipped negative again for the last two trading days.
General crypto asset investment products have also been outflowing, losing $126 million over the past week, according to CoinShares.
ETF Flows Stagnating
BlackRock’s industry-leading IBIT fund continues to keep crypto ETF markets buoyed with inflows, however, these are shrinking. On April 15, IBIT saw an inflow of $73.4 million, the fourth double-digit inflow this month.
However, this wasn’t enough to negate the $110 million outflow from GBTC,…
