Bitcoin ETFs pull $591M in one day as total net assets hit the $109B mark

By Peter Macharia - Technical Analyst
Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
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On April 28, Bitcoin spot ETFs recorded a daily net inflow of $591.29 million, as noted by the SoSoValue update. The cumulative total net inflow reached $39.02 billion, while the total net assets stood at $109.30 billion.

IBIT leads Bitcoin ETFs as ARKB, FBTC, GBTC slip

Tracking each ETF performance, IBIT by BlackRock led with a $970.93 million daily inflow, bringing its cumulative inflow to $42.17 billion. It held $56.73 billion in assets, the highest among all ETFs, with a 3.02% share of the Bitcoin market.

Source: SoSoValue

FBTC from Fidelity followed with $11.77 billion in cumulative inflows but posted a daily outflow of $86.87 million. Its net assets totaled $18.94 billion, covering 1.01% of the Bitcoin market.

GBTC by Grayscale had a $42.66 million daily outflow and cumulative outflows of $22.73 billion. It maintained $18.07 billion in net assets with a 0.96% Bitcoin share. ARKB from Ark & 21Shares saw the largest daily outflow of $226.30 million. Its cumulative inflow stood at $2.88 billion, while it managed $4.77 billion in assets.

BRRR, BTCO, and EZBC remain steady as BITB outflows

Grayscale’s BTC fund showed no change in daily net inflow, with $1.27 billion in cumulative inflow and $4.01 billion in assets. Bitwise’s BITB recorded a $21.13 million daily outflow, holding $3.67 billion in assets. VanEck’s HODL had a $2.68 million daily outflow and $864.94 million in cumulative inflow, managing $1.37 billion in assets.

Valkyrie’s BRRR had no daily inflow and a $326.23 million cumulative total, managing $577.26 million in assets. Invesco’s BTCO posted $103.36 million in cumulative inflows with $502.52 million in net assets. Franklin’s EZBC showed $262.47 million in cumulative inflow and held $493.78 million in assets.
BTCW from WisdomTree had no daily inflow but maintained $37.53 million in cumulative inflow. It managed $146.61 million in assets, with a market price of $100.49. Trading volumes showed IBIT as the most active with 34.16 million shares exchanged, followed by BTC with 991.52K shares and BITB with 889.30 K.

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Peter Mwangi is a skilled crypto news writer with over three years of experience in the writing industry. He is known for his well-researched, insightful content and has contributed to major crypto publications. Peter, committed to learning and teamwork, brings great storytelling and leadership skills to the BTCRead team. You can reach out to Peter at petermwangi@btcread.com.
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