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U.S. Bitcoin ETFs Add $2.1B in Eight Days as Short-Term Holders Start Selling
U.S. spot bitcoin ETFs logged $2.10 billion of inflows across eight straight days through April 23, according to SoSoValue. April 23 alone brought $223.21 million, with BlackRock’s IBIT taking in $167.49 million while Fidelity’s FBTC posted a $16.93 million outflow. Glassnode said bitcoin reclaimed its True Market Mean at $78,100, but short-term holder realized profit has risen to $4.4 million per hour as price approaches the $80,100 short-term holder cost basis.