Bitcoin spot ETFs post $89.68 million net outflow on April 28; BlackRock's IBIT leads with $112 million redemption

Bitcoin spot ETFs saw a combined net outflow of $89.6754 million on April 28 (U.S. Eastern Time), according to SoSoValue data cited by ChainCatcher. ARKB, operated by Ark Invest and 21Shares, recorded the largest single-day net inflow at $41.2021 million, bringing its cumulative net inflows to $16.08 billion. BlackRock's IBIT posted the largest single-day net outflow, with $112 million leaving the fund. IBIT's cumulative net inflows stand at $781.18 million. Total net asset value across Bitcoin spot ETFs was last reported at $100.39 billion. The ETF net asset ratio—ETF market value as a share of Bitcoin's total market capitalization—was 6.56%, while cumulative net inflows reached $58.211 billion.