Bitcoin ETF demand turns negative after BTC halves

The 11 spot Bitcoin ETFs approved by US regulators in January managed a total of more than $13 billion in inflows in the months following their launch, a feat that took the Gold ETF years to accomplish. However, demand for the Bitcoin ETF appears to be slowing after weeks of net positive inflows. By the third week of April, ETF demand had slowed to consecutive daily net outflows. ETF inflows have turned negative after the BTC block reward was halved.