Net $203 million daily inflows into Bitcoin ETFs, halving looms ahead

Breaking records once again, Bitcoin ETFs experienced a remarkable surge of $203 million in net inflow on Friday, April 6th. This impressive streak has now stretched over four consecutive days, cementing the popularity of these exchange-traded funds.

SoSoValue has just reported that Grayscale’s GBTC ETF experienced a significant drop in net assets, losing a whopping $198 million in just one day. This brings their total net withdrawals to a staggering $15.51 billion.

Meanwhile, BlackRock’s iShares Bitcoin Trust, known as IBIT, has stolen the spotlight with a massive single-day inflow of $308 million. This brings their total inflows to an impressive $14.77 billion.

Bitcoin investors were in for a wild ride on Monday, April 1st as the market saw a staggering net outflow of $85.8 million in Bitcoin ETFs. This unexpected dip caused a ripple effect, as BTC price plummeted to $65,000 and sent shockwaves through the entire market, resulting in widespread liquidations.

However, the tide has turned with four consecutive days of inflows, helping Bitcoin bounce back and reclaim its throne at over $67,000.

Since the SEC gave the green light to Bitcoin ETFs in January, institutional investments have been a driving force behind the rise and fall of BTC’s market.

But don’t be fooled by the recent price dips – experts like SkyBridge’s Anthony Scaramucci are confident that the premier cryptocurrency is gearing up for a major surge after its highly-anticipated halving event this month.

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Bitcoin Cash (BCH) made a triumphant surge of over 10% following its highly-anticipated halving last week. As the crypto world eagerly awaits the same impact on Bitcoin (BTC), recent data reveals that the token has historically skyrocketed by an astonishing average of 3,230% after each of its three previous halvings.

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