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

Tether plans to expand its USDT and gold-backed XAUT stablecoins to the TON ecosystem, according to changes to the company's transparency web page.

There are only about 77 blocks (≈13 hours) left until the next Bitcoin Halving.

The Block reward will be reduced from 6.25 BTC to 3.125 BTC

Bitcoin Spot ETF Flow - 19th Apr. 2024

- Net inflows for all the Bitcoin ETFs; +$59.7M

- Grayscale had an outflow of -$45.8M

The Bitcoin halving was successful but a bit different from the previous ones.

In the coming months, we will see whether the new implementations and developments will advance the Bitcoin ecosystem or whether we are merely laying the groundwork in this cycle, with the full potential emerging in the next cycle.

However, we find ourselves in a early stage of development, with many experiments still ahead of us.
Yet, it is often rewarded to be early, even if it means enduring the price of patience and emotional roller coasters.

The parabolic time we've all been waiting for is not so far off.

In the new CryptoBullets TL;DR issue, we have summarized the most important events for you as always.

Enjoy your Sunday!

Thanks,
The Alchemic One (TAO)

Market Data for This Week

Monday
CA - New Housing Price Index (MAR)
JP - Jibun Bank Services PMI

Tuesday
US - S&P Services PMI (MAR)
US - S&P Manufacutring PMI (MAR)
US - New Home Sales (MAR)
UK - S&P Composite PMI (MAR)
EU - HCOB Composite PMI (MAR)

Wednesday
US - Durable Goods (MAR)
US - Crude Inventories
CA - Retail Sales (FEB)
GER - Ifo Business Climate (APR)

Thursday
US - Jobless Claims
US - GDP (Q1)
EU - ECB Economic Bulletin
JP - BoJ Interest Rate Decision

Friday
US - PCE Inflation (MAR)
US - Personal Spending (MAR)
US - UMich Inflation Expectations (APR)

Digital Asset Fund Flows - Weekly

- Experienced total outflows of $206M; second week of outflows.

- Trading volumes in ETPs slightly dipped to $18Bn, with a decrease in percentage of total bitcoin volumes (now at 28% compared to 55% a month ago).

- Negative sentiment was primarily observed in US ETFs, with $244M outflows, while Canada and Switzerland saw inflows of $30M and $8M respectively.