Krutika Adani
On 24th April 2024, BlackRock’s spot Bitcoin ETF recorded zero inflows.
The ETF market in total recorded a negative outflow of $120 million.
The main disruptor in the ETF market is Bitcoin’s price.
Bitcoin’s price has been sliding downwards since it last achieved a $72.3k price.
A bearish market too has impacted sentiments negatively and causing low ETF inflows.