Capital inflows into spot Bitcoin ETFs total $31m

On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million.

According to SoSo Value, despite the decrease in asset inflows from $62 million on April 22 to $31 million on April 23, a positive trend has continued for the third trading day.

During this period, Bitcoin funds received $153.29 million from inflows.

A day earlier, BlackRock‘s iShares Bitcoin Trust (IBIT) crypto fund took first place in capital inflow. It added $37.92 million to its balance sheet, bringing funds under management to $15.48 billion.

In second place is an investment product from ARK Invest and 21 Shares with $33.28 million; in third place is the fund from Bitwise with $23.23 million. The rest of the Bitcoin ETFs received a total of $6.3 million.

However, outflows were recorded from VanEck’s HODL fund and BTCO from Invesco and Galaxy Digital, respectively, $1.88 million and $332,480.

For the spot Bitcoin ETF, IBIT has recorded capital inflows for 70 days. Thus, the product entered this indicator’s top 10 best exchange-traded funds.