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Bitcoin ETFs have shown a significant increase in recent days, with a daily inflow of $1.47 million and a cumulative total of $35.36 billion as reported by SoSoValue on April 14.
The report highlights the positive sentiment in the market, with most assets experiencing slight increases in value. The data suggests that investors are now more confident in investing in Bitcoin ETFs, resulting in this significant daily inflow.
IBIT and FBTC have been the top performers so far, showing a net inflow of $36.72 million and $11.37 billion respectively. Their market price is currently at $74.95, while their value traded stands at $52.08 million for IBIT and $25.36 million for FBTC.
On the other hand, GBTC’s cumulative inflow has been negative, amounting to $22.78 billion. However, it still shows a positive daily change of 0.92%, indicating that investors are not completely losing faith in this asset.
Bitwise also reports an impressive performance with a Bitcoin share of 0.15% and a daily change of 0.84%. The market price is currently at $38.02, and its value traded is $5.91 million.
The data also highlights the importance of other assets such as HODL, BRRR, and BTCW which have shown small changes in their respective net inflows and market movements. BTCW has shown an impressive 1.30% increase, which may be seen as a positive sign for investors looking to diversify their portfolio.
Overall, the data suggests that the market is still trending upwards with most assets showing slight increases in value.
Source: https://cryptonewsland.com/bitcoin-etfs-update-etfs-show-1-47m-daily-i/
