Inflows into Spot BTC ETFs Reach $91 Million

According to the latest data from BitMEX Research, inflows into U.S. spot Bitcoin ETFs reached $91 million as of April 11, 2024. This marks the second consecutive day that the numbers have returned to the positive side.

The researchers published a table detailing which specific funds experienced inflows or outflows in the past 24 hours. For example, Grayscale’s GBTC saw a loss of $124.9 million, significantly higher than the $17.5 million loss reported the previous day. It’s worth noting that the positive result was mainly driven by inflows into IBIT BlackRock, which recorded $192.1 million— the fund’s best result this week.

Meanwhile, Bitcoin (BTC) prices dropped by 0.43% in the past 24 hours. As of 11:35 AM Moscow time on April 12, 2024, the flagship digital currency was priced at $70,808. The total supply of circulating coins on the market stands at $1.39 trillion. In the past 24 hours, traders conducted $29.86 billion worth of BTC transactions.

It is also worth noting that the cryptocurrency market has shown low volatility over the past 24 hours. The best performer among the top 100 digital assets in terms of profitability was BitTorrent (BTT), whose price surged to $0.0000016, marking a 7.4% increase compared to the previous day’s values.

The worst performer of the day was Pendle (PENDLE), which saw a 9.13% drop in price during the reporting period. The token was priced at $6.8, with a total supply of $1.62 billion.