Just noticed the Bitcoin spot ETF inflows from back in April 2024 - pretty solid momentum with $664 million coming in on a single day. That was the fourth consecutive day of net inflows if I remember right, which is always a good sign for the overall market sentiment.



BlackRock's IBIT was leading the charge that day with $284 million, which honestly doesn't surprise me given how much institutional money has been flowing into their Bitcoin products. Fidelity's FBTC picked up another $163 million, so both of the major players were seeing solid demand.

What caught my eye was the total Bitcoin spot ETF market cap hitting over $101 billion at that point, representing like 6.55% of Bitcoin's total market value. Pretty wild how much of the Bitcoin market is now held through these ETFs rather than direct holdings. That institutional adoption story just keeps playing out.
BTC0.56%
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