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$1,946.39 3.77265
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BNB
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$628.37 5.03628
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Solana
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$130.31 2.75558
Solana price
XRP
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$2.37 3.06211
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Shiba Inu
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$0.0000131 -1.06031
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Pepe
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$0.0000074 13.07819
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Bonk
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$0.0000113 8.09779
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dogwifhat
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Bitcoin
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$84,438.00 1.68373
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Ethereum
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$1,946.39 3.77265
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BNB
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$628.37 5.03628
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Solana
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$130.31 2.75558
Solana price
XRP
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$2.37 3.06211
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Shiba Inu
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$0.0000131 -1.06031
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Pepe
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$0.0000074 13.07819
Pepe price
Bonk
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$0.0000113 8.09779
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dogwifhat
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$0.511328 9.74588
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Popcat
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$0.205544 10.96033
Popcat price
Bitcoin
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$84,438.00 1.68373
Bitcoin price
Ethereum
Ethereum (ETH)
$1,946.39 3.77265
Ethereum price
BNB
BNB (BNB)
$628.37 5.03628
BNB price
Solana
Solana (SOL)
$130.31 2.75558
Solana price
XRP
XRP (XRP)
$2.37 3.06211
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000131 -1.06031
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 13.07819
Pepe price
Bonk
Bonk (BONK)
$0.0000113 8.09779
Bonk price
dogwifhat
dogwifhat (WIF)
$0.511328 9.74588
dogwifhat price
Popcat
Popcat (POPCAT)
$0.205544 10.96033
Popcat price

Bitcoin ETFs net $203m daily inflows, anticipation builds for halving

Anthony Patrick
Edited by
News
Bitcoin ETFs net $203m daily inflows, anticipation builds for halving

Spot Bitcoin ETFs, or exchange-traded funds, witnessed a net inflow of $203 million on Friday, April 6, continuing a trend for the fourth straight day.

According to SoSoValue, Grayscale’s ETF, GBTC, saw its net assets decrease by $198 million on the same day, pushing its total net withdrawals to $15.51 billion.

Meanwhile, BlackRock’s iShares Bitcoin Trust, which trades under the ticker IBIT, led the market with a single-day inflow of $308 million, raising its total inflows to $14.77 billion.

Bitcoin ETFs saw a net outflow of $85.8 million on Monday, April 1 — the only net outflow in the past ten days of trading. Consequently, BTC price dropped to $65,000, triggering broader liquidations across the market. 

Bitcoin ETFs inflow
Bitcoin ETF net inflow | Source: SoSo Value

However, the four consecutive days of inflows have helped Bitcoin recover over $67,000.

Institutional investments have played a significant role in BTC’s market movements since the SEC approved Bitcoin ETFs in January. 

Despite the recent price corrections, close observers (i.e., SkyBridge’s Anthony Scaramucci) predict a larger rally for the premier cryptocurrency following its halving later this month. See below.

Bitcoin Cash (BCH), a fork of Bitcoin, rallied over 10% immediately after its halving last week.

The market is anticipating a similar impact on the BTC market, as recent reports showed that the token increased by an average of 3,230% after each of the last three halving.Â