Why did BlackRock’s Bitcoin ETF’s Daily Inflow Hit $0?

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.