ARK 21Shares has seen an outflow of $87.5 million on April 2, surpassing that of Grayscale.
) exchange-traded fund has notched more than $87 million in daily outflows, marking the first time the fund has witnessed a larger daily outflow than Grayscale’s Bitcoin Trust since the launch of spot Bitcoin ETFs in the United States.Notably, this was a relatively low outflow day for GBTC which has shed an average of $254 million per day over the past five trading days. Grayscale has hemorrhaged around $15.1 billion in total over the past three months.
Despite the past two days of outflows, ARKB still stands as the third largest of the ten newly launched spot ETFs — excluding Grayscale — boasting $2.2 billion in assets under management . ARKB trails behind BlackRock’s and Fidelity’s funds which command respective AUM’s of $14.1 billion and $7.6 billion.
ARKB is also the sixth largest holder of BTC among funds, corporations, and miners, currently holding a total of 44,662 BTC on its books, according toDespite shedding a staggering 291,000 Bitcoin since its conversion to an ETF, GBTC still leads the pack in terms of total Bitcoin held, with around 329,000 Bitcoin on its books at the time of publication.
“Looks like these two ETFs will be in the top 5 most volatile ETFs in the US with a standard deviation of about 150%,” he added.that Bitcoin ETFs traded around $111 billion in volume in March, nearly triple what they did in February and January combined.‘Web3 Gaming sucks’ says Ava, 2M Bitcoin Miner players make 13c: Web3 Gamer
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cathie Wood's ARK makes major moves in Tesla stock, sells RobinhoodCathie Wood's ARK makes major moves in Tesla stock, sells Robinhood
Read more »
Cathie Wood's ARK buys over $14M in Tesla stock, sells Coinbase in latest tradesCathie Wood's ARK buys over $14M in Tesla stock, sells Coinbase in latest trades
Read more »
Cathie Wood’s ARK dumps $31M in Robinhood stock, stacks RobloxCathie Wood’s ARK Invest dumped 1.6 million Robinhood shares on March 25, netting $31.5 million.
Read more »
Cathie Wood's Ark funds buy Reddit stock on first day of tradingThe total value of the combined stake of those funds is about $503 million, based on Reddit's closing price of $50.44 per share on Thursday.
Read more »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Read more »
Shocking $3.8 Million Bitcoin (BTC) Price Target Announced by Cathie WoodCathie Wood sees the Bitcoin price potentially surpassing $3 million
Read more »