Investors withdrew an amount worth US$218 million fromand Bitcoin-based exchange-traded funds (ETFs) (BTC) in spot, on April 25, according to published information from Bloomberg. The amount marks one of the most substantial outflows the sector has experienced since the launch of the products in January.
Second um survey shared by the Farside Investors platform, on April 25, five funds had no recorded inflows while another five had outflows totaling US$217,6 million. According to the data, only the
Franklin Bitcoin ETF, EZBC, recorded inflows yesterday that totaled $1,9 million.
It is worth noting that the Bitcoin spot exchange-traded fund (ETF) from asset manager BlackRock, IBIT, interrupted a sequence of entries, on April 24, according to preliminary data shared by the Farside Investors platform.
For the first time since it went live on January 11, BlackRock's Bitcoin ETF did not withdraw any money from its investors. The action caused the interruption of a 71-day sequence of entries.
This month saw inflows slow down in the face of recent price drops in the cryptocurrency market. In addition to BlackRock's Bitcoin ETF, seven other funds also recorded no inflows on April 24.
Runes boosts Bitcoin and cryptocurrency reaches new all-time high in daily transactions
The Runes token standard, which was recently launched on Bitcoin, propelled the largest cryptocurrency to reach a new all-time high in daily transactions, according to data released by the analysis platform, IntoTheBlock, on April 26.
With Runes, the number of Bitcoin transactions recorded rapid growth, reaching 927.000 on April 23. The previous record had been set in December last year, when 724 daily transactions were processed, according to the survey.
At the time of publication, the Bitcoin price it was quoted at US$63.720,69 with an increase of 0.3% in the last 24 hours.
