New Developments on Bitcoin ETF

According to ChainCatcher news and data from SoSoValue, yesterday (Eastern Time, April 28) saw a total net inflow of $591 million for Bitcoin spot ETFs.The Bitcoin spot ETF with the highest single-day net inflow yesterday was the Blackrock ETF IBIT, which had a net inflow of $971 million for the day. Currently, IBIT's historical total net inflow has reached $42.171 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was the Ark Invest and 21Shares ETF ARKB, which had a net outflow of $226 million for the day. Currently, ARKB's historical total net inflow has reached $2.879 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $109.301 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 5.83%. The historical cumulative net inflow has reached $39.023 billion.

ChainCatcher news, according to Cointelegraph, the Bitcoin spot ETF "IBIT" from BlackRock has narrowed the Bitcoin holdings gap with Strategy to just 20,000 BTC. Currently, IBIT holds 573,869 BTC, while Strategy holds 553,555 BTC.

ChainCatcher message, according to SoSoValue data, the net inflow for Bitcoin spot ETFs last week (Eastern Time from April 21 to April 25) was $3.06 billion.The Bitcoin spot ETF with the highest net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $1.45 billion, bringing the total historical net inflow for IBIT to $41.2 billion. Following that is the Bitcoin ETF ARKB from Ark Invest and 21Shares, with a weekly net inflow of $621 million, marking a historical weekly net inflow high, and the total historical net inflow for ARKB currently stands at $3.11 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $109.27 billion, with an ETF net asset ratio (market cap as a percentage of total Bitcoin market cap) reaching 5.80%, and the historical cumulative net inflow has reached $38.43 billion.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time March 5) the total net outflow of Bitcoin spot ETFs was $38.2958 million.Yesterday, Grayscale ETF GBTC had a net outflow of $0.00, and the historical net outflow for GBTC is $22.35 billion. Grayscale Bitcoin Trust ETF BTC had a net outflow of $0.00 yesterday, and the historical total net inflow for Grayscale Bitcoin Trust BTC is $1.086 billion. The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $38.9293 million, and the historical total net inflow for IBIT has reached $39.665 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $102.118 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.69%, with a historical cumulative net inflow of $36.686 billion.

ChainCatcher message, based on SoSoValue data, yesterday (Eastern Time March 4) the total net outflow of Bitcoin spot ETFs was $143 million.Yesterday, Grayscale ETF GBTC had a net outflow of $0.00, and the historical net outflow for GBTC is $22.35 billion. Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $35.77 million yesterday, and the historical total net inflow for Grayscale Bitcoin Mini Trust BTC is $1.086 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $99.374 billion, with an ETF net asset ratio (market cap as a percentage of total Bitcoin market cap) of 5.77%, and the historical cumulative net inflow has reached $36.724 billion.

ChainCatcher news, 10x Research analysis states that despite attracting a net inflow of $38.6 billion since the launch of the Bitcoin ETF in January 2024, its analysis indicates that only $17.5 billion (44%) represents genuine bullish buying. Most (56%) may be related to arbitrage strategies, where short positions in Bitcoin futures offset the inflows.

ChainCatcher news, according to CoinDesk, BlackRock's Bitcoin spot ETF (IBIT) options have rapidly grown since their launch on November 19, 2024, with open interest reaching 2.16 million contracts and a notional value of $11 billion, accounting for about 50% of the Deribit Bitcoin options market ($23 billion).Deribit CEO Luuk Strijers stated in an interview that IBIT options primarily serve U.S. retail investors who previously could not access Deribit, and they have not only not impacted his business negatively but have also positively influenced institutional participants by creating new arbitrage opportunities and risk hedging strategies. He added that IBIT options trading is mainly concentrated on short-term contracts, reflecting the market's demand for low-premium options.The crypto derivatives protocol Volmex Finance analyzed that due to the compliance advantages of BlackRock's Bitcoin ETF as an underlying asset, IBIT options are attracting U.S. institutional investors and retail investors who prefer regulated markets.

ChainCatcher news, according to official sources, Australia's Monochrome spot Bitcoin ETF (IBTC) held 266 BTC as of December 13, with an AUM of approximately $41.84 million.

ChainCatcher message, the daily net inflow of the spot Bitcoin ETF in the U.S. yesterday was $263.1 million, the highest single-day net inflow since July 22 (which was $485.9 million 55 days ago).The largest inflow on Friday was Fidelity's FBTC, with an inflow of $102.1 million, followed by Ark & 21Shares' ARKB, with an inflow of $99.3 million.