Institutional ETF Inflows Reduce Available Bitcoin Supply
Available Bitcoin supply on exchanges is reduced when authorized participants purchase actual Bitcoin to back new shares generated by ETF inflows. On April 9, U.S. Spot Bitcoin ETFs recorded $358.1 million in net inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT) with $269.3 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) contributed $53.3 million and Morgan Stanley’s MSBT added $14.9 million. Bitwise (BITB) added $11.7 million and Ark Invest (ARKB) added $4.8 million. Franklin Templeton (EZBC) and VanEck (HODL) each added over $2 million. Long-term holders expanded their holdings to 4,370,000 bitcoin as of April 7.
More Briefs
Israeli Strikes in Lebanon Escalate Following US-Iran Ceasefire
Apr 11Scammers Are Impersonating Real Social Security Employees — With Photos
Apr 11Binance offers UAE staff relocation to Asia as regional tensions disrupt Middle East business
Apr 11SpaceX's xAI Merger Sets Stage for Record-Breaking IPO