Bitcoin ETF demand turns negative after BTC halving

The 11 spot Bitcoin ETFs approved by U.S. regulators in January collectively managed more than $13 billion in inflows within months of their launch, a feat that took gold ETFs years to accomplish. However, after several weeks of net positive inflows into Bitcoin ETFs, demand for the product appears to be slowing. By the third week of April, ETF demand had slowed to consecutive days of net outflows. ETF inflows have turned negative following the BTC block reward halving.