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Bitcoin exchange-traded funds record inflows of $591 million in a single day, with net assets reaching $109 billion.
Bitcoin exchange-traded funds recorded daily inflows of $591 million, led by IBIT and facing the largest external outflow of $226 million from ARKB on April 28.
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The assets of Bitcoin exchange-traded funds have risen to $20 billion, surpassing the growth of gold exchange-traded funds.
IBIT Bank achieved cash flows of 970 million dollars with net assets amounting to 56.73 billion dollars.
ARKB recorded the largest external flow of $226.30 million among all exchange-traded funds.
The total net assets of exchange-traded funds reached $109.30 billion, which is equivalent to 5.83% of the value of Bitcoin.
According to the latest SoSoValue update on Bitcoin exchange-traded funds (ETFs) as of April 28, the market recorded total daily net inflows of 591.29 million USD. Cumulative net inflows reached 39.02 billion USD, while the total trading volume was 2.42 billion USD. The total net assets of the listed funds amounted to 109.30 billion USD, representing 5.83% of Bitcoin's market capitalization.
IBIT generates daily revenues of $970 million, while FBTC and GBTC together bleed $129 million.
The iShares Bitcoin Trust (IBIT) topped the list of funds with the highest daily net inflows, reaching 970.93 million USD. The total inflows amounted to 42.17 billion USD, and its net assets stood at 56.73 billion USD. The share price of IBIT was 53.88 USD, marking a daily change of -0.72%. The fund's share of Bitcoin was 3.02%, and its trading volume reached 1.83 billion USD.