According to HODL15Capital data, the net inflow of the US Bitcoin spot ETF was $124 million yesterday.

According to SoSoValue data, the total net inflow of Bitcoin spot ETF was $113 million on April 3 (US Eastern Time). Grayscale ETF GBTC had a net outflow of $75.14 million on that day, and its historical net outflow is $15.23 billion. The Bitcoin spot ETF with the highest net inflow on that day was Fidelity ETF FBTC, with a net inflow of approximately $116 million, and its historical total net inflow reached $7.77 billion. The second was BlackRock ETF IBIT, with a net inflow of approximately $42.03 million, and its historical total net inflow reached $14.32 billion. As of the time of writing, the net asset value of Bitcoin spot ETF was $55.08 billion, and the ETF's net asset ratio (the proportion of market value to total market value of Bitcoin) was 4.26%, with a historical cumulative net inflow of $12.19 billion.

Huili Group, a Hong Kong-listed company, released its 2023 annual report, which revealed that it is exploring new product ideas for its ETF brand. In January 2024, it signed a memorandum of understanding with a Hong Kong-approved digital asset manager to explore the launch of a bitcoin spot ETF in the city, providing investors with the world's largest digital assets. The goal is to make mainstream Hong Kong a leading international virtual asset center, continue to develop and succeed, and bring investors more innovative investment solutions.

As the Bitcoin Spot Price consolidates below the new ATH of $73k, the Long-Term Holder cohort has entered their distribution phase, selling to new investors at higher prices. This represents an injection of new capital into the asset class, driving the realized cap up to new heights.

Noel Atchison, the author of the cryptocurrency newsletter "Crypto is Macro Now," said that the Hong Kong financial authorities' approval of the launch of a spot Bitcoin ETF may trigger a strong rebound in Bitcoin prices. Spot trading is more efficient in terms of taxes and costs. It will attract a wider range of participants. The trading volume of Asian cryptocurrency exchanges exceeds that of the US market, and if a small number of Chinese investors can legally invest in Bitcoin, it will be huge. The industry predicts that Hong Kong will approve spot Bitcoin ETFs and allow redemptions in the second quarter of this year.

Bitwise's Chief Investment Officer, Matthew Hougan, stated that as institutional investors gradually enter the cryptocurrency field, they may inject up to $1 trillion into Bitcoin through ETFs. Specifically, if global wealth managers allocate 1% of their investment portfolio to Bitcoin on average, it means that about $1 trillion of funds will flow into the field. In a memo sent to investment professionals, Hougan addressed concerns about Bitcoin's price volatility. As Bitcoin rebounds between $60,000 and $70,000, he said the best approach is to "stay calm and focus on the long term."

Asset management company VSFG and its partner Value Partners have applied to the Hong Kong Securities and Futures Commission (SFC) for a physical Bitcoin exchange-traded fund (ETF). Earlier this week, a Bloomberg report stated that the Hong Kong Securities and Futures Commission may allow the creation and redemption of physical Bitcoin ETFs in the second quarter of this year. Venture Smart Financial Holdings, a Hong Kong-based company, also reportedly stated that it will submit an application for a physical Bitcoin ETF.

According to Bitwise official data, as of March 25th local time, its Bitcoin spot ETF (BITB) held 30,493.92 BTC with a position value of $2,158,472,476.16. The current circulating share of BITB is 55,930,000 shares.

Ten BTC spot ETFs had a net inflow of $15.7 million, corresponding to a net inflow of about 221 BTC to the ETF custodial address after the opening of the US stock market tonight: Outflow: Grayscale (GBTC) outflow of about 4,930 BTC (corresponding to a capital outflow of $350.10 million on March 25th); Inflow: The remaining nine ETFs had an inflow of about 5,151 BTC (corresponding to a capital inflow of $365.80 million on March 25th). The main inflow was from Fidelity (FBTC), which had an inflow of 3,687 BTC ($261.79 million). Currently, the ten BTC spot ETFs hold a total of 823,375 BTC ($58.46 billion).

According to HODL15Capital monitoring, the net outflow of Bitcoin spot ETF was 263 million US dollars yesterday, and it has been net outflowing for three consecutive days.