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#Bitcoin ETFs Update – Tuesday, April 2, 2024

A thread for tracking ETF flows🧵

1/ Ark reported a large outflow of -$88M one day after it printed its negative, albeit tiny, flow.

Today's flows are gonna be interesting. LET THE FIREWORKS BEGIN.

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2/ this is how significant ARK's outflow was – the largest ever from any ETF, besides GBTC. The next largest outflow was from -$38M from $BTCO.

3/ On the bright side, GBTC only had -$82M of outflow

4/ amusement

ARK is the new GBTC

$ARKB's outflow > $GBTC

5/ Franklin: $0M

WisdomTree: $0M

6/ Bitwise: $4M

7/ IBIT: $151M

nice!

With this $151M for Blackrock, today can become positive. all remaining ETFs only need to bring in $15M combined.

9/ a big phat ZERO for invesco

10/ VanEck $5.6M

11/ Fidelity gets another $45M, bringing the net flow into the positive region.

12/ Hashdex gets its first flow: $0.8M

13/ Unless $BRRR loses >$37M today is a positive flow

14/ $BRRR $4M

15/ and that wraps up the day. Net flow:

16/ Summary

We wrapped today with $41M of net flow

9/ a big phat ZERO for invesco

2/ this is how significant ARK's outflow was – the largest ever from any ETF, besides GBTC. The next largest outflow was from -$38M from $BTCO.