📉 Bitcoin Update:
💰 Current Value:
BTC ticker down to $64,093.
📈 Investment Trends:
In the U.S. ETF market, there's a shift from outflows to inflows just before the Bitcoin halving. Investors seem optimistic about post-halving market gains.
📊 ETF Inflows:
Five of the ten approved Bitcoin ETFs saw positive net flows, totaling $30.4 million on April 19. This reverses a trend of outflows, notably led by Grayscale Bitcoin Trust ETF (GBTC).
💼 Key Contributors:
Fidelity Wise Origin Bitcoin Fund (FBTC) led the inflow with $54.8 million, followed by others like Bitwise Bitcoin ETF (BITB), ARK 21Shares Bitcoin ETF (ARKB), Invesco Galaxy Bitcoin ETF (BTCO), and Franklin Bitcoin ETF (EZBC).
💹 Market Performance:
Comparing Bitcoin's value between halvings, it surged from around $8,500 post-2016 halving to approximately $65,000 before the 2020 halving.
⛏️ Halving Event:
The fourth-ever Bitcoin halving occurred with block 840,000 on April 20, causing a spike in network fees due to high demand. Users spent a whopping $2.4 million in fees to secure space on the halving block.
