Bitcoin ETF Net Inflow Rises Post Halving, BTC Price Surges

Following last Friday’s halving event, Bitcoin’s price has seen a significant increase, driven by increasing net inflows into Bitcoin spot ETFs. Data from Soso Value reveals that total net inflow on Monday, April 22, reached $62.0899 million, with notable contributions from Fidelity’s FBTC ($34.8334 million), Ark Investment’s ARKB ($22.56 million), and BlackRock’s IBIT ($19.65 million). Amidst these inflows, Grayscale’s GBTC recorded a net outflow of $34.993 million on the same day. The positive sentiment surrounding ETF inflows pushed Bitcoin’s price up 2.89% on Monday, surpassing resistance at $64,511 and reaching a daily high of $67,241. At the time of writing, Bitcoin trades around $66,429.

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