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ETF Flows Signal Market Direction Amid Halving Speculation
On Thursday (April 11), BTC declined by 0.41%. Partially reversing a 1.58% gain from Wednesday, BTC ended the session at $70,017. BTC-spot ETF market flow data for April 10 impacted buyer demand for BTC. On Wednesday, the BTC-spot-ETF market saw net inflows of $123.7 million, according to BitMEX Research. However, Grayscale Bitcoin Trust (GBTC) saw net outflows tumble, ensuring the BTC-spot ETF market avoided a third successive day of net outflows. GBTC saw total net outflows of $17.5 million on Wednesday, April 10. iShares Bitcoin Trust (IBIT) saw net inflows of $33.3 million, down from $128.7 million on Tuesday, ... (full story)