Spot Bitcoin ETFs Reverse Outflows, Lift 2024 Inflows Above $1 Billion

U.S. spot Bitcoin ETFs added $11.84 million on April 21, with BlackRock’s IBIT offsetting Grayscale GBTC outflows as cumulative net inflows reached $57.99 billion and total net assets rose to $99.08 billion.

BTC

Summary

U.S. spot Bitcoin ETFs recorded $11.84 million in net inflows on April 21, extending the category’s recovery after earlier outflows. BlackRock’s IBIT led daily inflows with $39.34 million, while Grayscale’s GBTC posted $17.51 million in outflows. Total net assets across U.S. spot Bitcoin ETFs stood at $99.08 billion, and cumulative net inflows reached $57.99 billion, in line with prior reporting that the category had climbed back toward its historical peak after surpassing $1 billion in 2024 inflows.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly, allowing investors to gain exposure to Bitcoin through regulated stock market products.
  • Net inflows: The amount of money entering a fund or fund category after subtracting investor withdrawals over a specific period.
  • GBTC: Grayscale’s Bitcoin fund, which operates as a spot Bitcoin ETF and is often tracked for inflow and outflow activity.