Welcome to Extreme Investor Network, where we provide the latest insights and analysis on the Stock Market, trading, and Wall Street trends. In our recent update, we observed outflows totaling $83.6 million on Friday, April 26, with Grayscale’s GBTC experiencing a slowdown in outflows. However, Ark 21Shares’ ARKB was the only ETF with inflows, seeing a modest increase of $5.4 million. Overall, the week witnessed a substantial outflow of $328 million.
What’s Next For Spot BTC ETFs?
The recent selloff in the crypto market has raised questions about the future of Bitcoin ETFs. Reports of a decline in the investment vehicle, along with the Deposit Trust Company’s (DTCC) announcement regarding collateral valuation for ETFs containing BTC or other cryptocurrencies, have sparked concerns among investors.
The U.S. Spot Bitcoin ETF landscape has seen significant capital outflows, leading to apprehensions about diminishing interest from major Wall Street players in the cryptocurrency. This trend may have contributed to the recent sell-off in the crypto market.
A recent report from 10X Research has brought further uncertainty to the BTC ETF scene, especially with the DTCC imposing a 100% haircut on ETFs with cryptocurrency exposure starting April 30. Speculations suggest a potential reversal in Bitcoin ETF inflows, while the crypto market grapples with increased volatility and notable outflows from U.S. Spot Bitcoin ETFs.
The DTCC’s decision to withhold collateral value from ETFs featuring cryptocurrencies has had a ripple effect on the digital asset market. With Bitcoin signaling lower highs, 10X Research predicts a new downward trend for Bitcoin ETFs.
Stay tuned to Extreme Investor Network for more updates and expert analysis on the Stock Market, trading strategies, and the latest trends on Wall Street. Trust us to provide you with unique insights and valuable information to help you navigate the ever-evolving world of investments.
