Throughout April, Bitcoin spot ETF funds experienced outflows. However, since last week, ETF funds have seen net inflows of $242M per day, indicating that buyer demand is back on track!
Institutional Moves:
- BlackRock's two funds purchased IBIT in Q1.
- IBIT now holds 288,670 BTC, surpassing Grayscale's GBTC holdings.
- A total of 414 institutions have invested in IBIT, highlighting a growing positive trend in institutional involvement!
