Bitcoin spot ETF net inflows of $223 million, with positive inflows for 7 consecutive days

According to data released by SoSoValue on April 24, as of April 23 in U.S. Eastern Time, the U.S.-listed spot Bitcoin ETFs recorded a total net inflow of $223 million in a single day, marking the 7th consecutive day of positive net inflows. On the same day, spot Ethereum ETFs recorded a total net outflow of $75.9360 million.

Spot Bitcoin ETF Fund Flow Data

According to SoSoValue data, the major fund flow details for spot Bitcoin ETFs on April 23 are as follows:

IBIT (BlackRock): net inflow of $167 million in a single day

ARKB (Ark Invest / 21Shares): net inflow of $71.2238 million in a single day; historical cumulative net inflows of $8B

FBTC (Fidelity): net outflow of $16.9254 million in a single day; historical cumulative net inflows of $8B

Based on SoSoValue data, as of the time of publication, the total net asset value of spot Bitcoin ETFs was $1.62B. The ETF net asset ratio (as a percentage of Bitcoin’s total market cap) was 6.59%, and historical cumulative net inflows totaled $11.04B.

Spot Ethereum ETF Fund Flow Data

According to SoSoValue data, the major fund flow details for spot Ethereum ETFs on April 23 are as follows:

ETH (Grayscale / Grayscale Ethereum Mini Trust): net inflow of $19.7581 million in a single day; historical cumulative net inflows of $102.79B

FETH (Fidelity): net outflow of $51.2987 million in a single day; historical cumulative net inflows of $58.21B

Based on SoSoValue data, as of the time of publication, the total net asset value of spot Ethereum ETFs was $1.93B. The ETF net asset ratio was 4.89%, and historical cumulative net inflows totaled $2.34B.

Institutional Analyst Commentary: Rolling-cycle indicators turned fully positive for the first time in months

According to a post published by Bloomberg senior ETF analyst Eric Balchunas on X on Thursday, Balchunas cited: “Every single rolling-cycle indicator we track is now positive—something we haven’t seen in months.”

According to a statement from Ben Slavin, global head of ETF services at BNY Asset Servicing, in an interview with The Block, Slavin cited: “So far this year, flows have turned positive. The magnitude isn’t big, but at least it’s profitable rather than losing.” Slavin also noted that crypto ETF investors are more willing to hold on to their positions when prices fall: “We haven’t seen anything like retail investors or other investors rushing to sell ETFs when the market deteriorates severely, as we’ve seen with other risk assets.” BNY Asset Servicing provides services to about 80% of the crypto ETF market.

According to data from The Block, as of Thursday morning, the 12 spot Bitcoin funds had a combined daily trading value exceeding $335 million, and the trading value over the past month exceeded $2.1 billion; IBIT accounted for $246 million of inflows in the prior day and $1.9 billion over the prior month.

Frequently Asked Questions

What is the source of the April 23 spot Bitcoin ETF flow data?

According to data released by SoSoValue on April 24, as of April 23 in U.S. Eastern Time, spot Bitcoin ETFs recorded a total net inflow of $223 million in a single day, marking the 7th consecutive day of positive net inflows. The data covers major funds including IBIT, ARKB, and FBTC.

What is Bloomberg ETF analyst Eric Balchunas’ latest assessment of Bitcoin ETF fund flows?

According to Bloomberg senior ETF analyst Eric Balchunas’ statement on X on Thursday, all of the rolling-cycle indicators for the Bitcoin ETFs tracked by Bloomberg have turned positive, marking the first time in months that they have turned fully positive.

What are the current total net asset value and historical cumulative net inflows of spot Bitcoin ETFs?

According to SoSoValue data, as of the time of publication, the total net asset value of spot Bitcoin ETFs was $13.71B, and historical cumulative net inflows were $11.98B. The ETF net asset ratio accounted for 6.59% of Bitcoin’s total market cap.