According to SoSo Value, there has been a positive trend for the third trading day, despite a decrease in asset inflows from $62 million on April 22 to $31 million on April 23. During this period, Bitcoin funds received $153.29 million from inflows, adding $37.92 million to its balance sheet and bringing funds under management to $15.48 billion.
However, outflows were recorded from VanEck’s HODL fund and BTCO from Invesco and Galaxy Digital, amounting to $1.88 million and $332,480, respectively. This led the product to enter the top 10 best exchange-traded funds based on this indicator.
In other developments, BlackRock has added new authorized partners for its spot Bitcoin ETF, allowing investors to buy and redeem shares for fiat. Additionally, the HashKey Capital and Bosera Capital fund will commence trading in Hong Kong on April 30.