BlackRock’s spot Bitcoin ETF crosses $15 billion in total inflows.

Hong Kong Bitcoin, ETH approval expected as soon as Monday.

Bitcoin Spot ETF Flow - 12th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$55.1M

- Grayscale had an outflow of -$166.2M

The market tested old support levels this week, providing opportunities for long-term positions.

The past few days have been full of liquidations, highlighting the importance of minimizing risk and preferring spot positions with long-term confidence.

In the new CryptoBullets TL;DR issue, we have summarized the most interesting things from the last week.

Enjoy your Sunday and stay safe!

Thanks,
The Alchemic One (TAO)

HONG KONG APPROVES APPLICATIONS OF SPOT BITCOIN, ETHER ETFS MANAGED BY CHINA ASSET MANAGEMENT, BOSERA, HASHKEY

Market Data for This Week

Monday
US - Retail Sales (MAR)
US - NY Empire State Manf. Index (APR)
CN - GDP (Q1)

Tuesday
US - Housing Starts (MAR)
US - Building Permits (MAR)
US - Industrial Production (MAR)
CA - CPI Inflation (MAR)
UK - Employment Report (MAR)
EU - ZEW Economic Sentiment (APR)
JP - Imports & Exports (MAR)

Wednesday
US - Beige Book
US - Crude Oil Inventories
UK - CPI Inflation (MAR)
EU - CPI Inflation (MAR)
AU - Employment Report (MAR)

Thursday
US - Existing Home Sales (MAR)
US - LEI Leading Index (MAR)
US - Philly Fed Manf. Index (APR)
JP - CPI Inflation (MAR)

Friday
UK - Retail Sales (MAR)

Digital Asset Fund Flows - Weekly

- Experienced outflows of $126M last week

- Weekly volumes increased from $17Bn to $21Bn

- ETP/ETF activity dropped from 40% to 31% of total volumes

Bitcoin Spot ETF Flow - 15th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$36.7M

- Grayscale had an outflow of -$110.1M

Bitcoin Spot ETF Flow - 16th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$58M

- Grayscale had an outflow of -$79.4M

ByteDance, TikTok's parent company, partners with Mysten Labs.

Bitcoin Spot ETF Flow - 17th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$165M

- Grayscale had an outflow of -$133.1M

Tether reorganizes into 4 divisions as it expands beyond stablecoins.

The four divisions are called Data, Finance, Power and Edu(cation) and will handle strategic investments in technology, financial infrastructure, bitcoin mining and digital education, respectively.

Binance is launching Binance Megadrop, a new token launch platform with airdrops and Web3 quests.

Bitcoin Spot ETF Flow - 18th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$4.3M

- Grayscale had an outflow of -$90M