Bitcoin ETFs traded in the red territory on Monday, with Fidelity topping the outflow charts as a dampened investor sentiment and diminished risk appetite hurt the overall ETP market.
According to a latest SoSoValue update, the U.S. spot Bitcoin ETFs recorded a daily net outflow of $291.11 million on April 13. The total value traded reached $2.44 billion during the session. Total net assets stood at $94.51 billion. That asset base equalled 6.45 percent of Bitcoin’s market capitalization.
IBIT tops daily Bitcoin ETF inflows
A deep dive into the update confirms that three ETFs recorded daily net inflows. BlackRock’s IBIT led that group with a $34.70 million daily net inflow. It added 476.06 BTC during the session. IBIT held $63.76 billion in cumulative net inflows and $57.67 billion in net assets.
Bitwise’s BITB followed with an $11.88 million daily net inflow. It added 162.92 BTC on the day. BITB carried $2.10 billion in cumulative net inflows and $2.77 billion in net assets. It traded at a 0.67 percent premium. Its fee stood at 0.20 percent. BITB rose 0.08 percent to $39.85. Value traded reached $62.24 million, while volume reached 1.59 million shares.
Morgan Stanley’s MSBT, the new Bitcoin ETF on the list, also recorded a daily net inflow. It added $6.28 million and 86.14 BTC. MSBT held $37.50 million in cumulative net inflows and $70.12 million in net assets. It traded at a 0.57 percent premium. Its fee stood at 0.14 percent, the lowest on the board. MSBT rose 0.05 percent to $21.05. Value traded reached $18.36 million. Daily volume reached 889.54 thousand shares.
Fidelity’s FBTC leads Bitcoin ETF outflows
While others reported inflows, five ETFs recorded outflows. In this category, Fidelity’s FBTC posted the largest daily redemption. It lost $229.22 million.
FBTC still carried $10.88 billion in cumulative net inflows. Its net assets stood at $13.60 billion. It traded at a 0.36 percent premium. Value traded reached $300.38 million. Daily volume reached 4.79 million shares.
Grayscale’s GBTC noted $38.25 million daily net outflow. GBTC remained at a negative $26.11 billion in cumulative net flows. Its net assets still stood at $11.24 billion. GBTC carried the highest fee at 1.50 percent.
The fund rose 0.09 percent to $57.09. Value traded reached $138.00 million, while volume hit 2.46 million shares. ARK 21Shares’ ARKB posted the second-largest daily outflow after FBTC as it lost $62.89 million. ARKB still held $1.39 billion in cumulative net inflows and $2.53 billion in net assets. ARKB rose 0.16 percent to $24.35. Value traded reached $59.88 million. Daily volume stood at 2.50 million shares.
Grayscale’s BTC fund also closed in outflow territory as it lost $11.03 million. BTC still carried $2.21 billion in cumulative net inflows and $3.82 billion in net assets. It traded at a 0.02 percent discount. Value traded reached $68.49 million, while volume stood at 2.14 million shares.
VanEck’s HODL posted the smallest outflow in this group. It lost $2.58 million and 35.35 BTC. HODL still held $1.16 billion in cumulative net inflows and $1.23 billion in net assets. It traded at a 0.70 percent premium as daily volume reached 1.21 million shares.
BTCO, BRRR, EZBC, BTCW, and DEFI Bitcoin ETFs hold flat
Apart from the outflow and inflow, other Bitcoin ETFs recorded no daily changes with no changes on them. Invesco’s BTCO posted zero daily net flow as it carried $245.03 million in cumulative net inflows and $492.34 million in net assets.
BTCO traded at a 0.03 percent premium. Its fee stood at 0.25 percent. The fund rose 0.05 percent to $73.07. Value traded reached $4.97 million. Valkyrie’s BRRR also recorded zero daily flow. It held $338.94 million in cumulative net inflows and $461.74 million in net assets.
BRRR traded at a 0.72 percent premium. Its fee stood at 0.25 percent. The fund rose 0.17 percent to $20.71. Value traded reached $3.61 million, while volume stood at 177.41 thousand shares.
Franklin’s EZBC also stayed unchanged on daily flows. It carried $376.64 million in cumulative net inflows and $461.44 million in net assets. EZBC traded at a 0.69 percent premium. Its fee stood at 0.19 percent. The fund rose 0.05 percent to $42.43. Value traded reached $3.59 million, while volume reached 86.23 thousand shares.
WisdomTree’s BTCW also posted zero daily net flow. It held $86.35 million in cumulative net inflows and $157.63 million in net assets. BTCW traded at a 0.74 percent premium, the highest premium listed.
Its fee stood at 0.25 percent. The fund rose 0.24 percent to $77.65. Value traded reached $645.15 thousand. Daily volume reached 8.44 thousand shares. Hashdex’s DEFI also recorded zero daily net flow.
DEFI differed from the other unchanged funds because it carried negative cumulative net flows. Its cumulative net outflow stood at $1.45 million. Net assets stood at $9.98 million, the lowest on the board as DEFI traded at a 0.15 percent discount.