On the eleventh trading day, spot Bitcoin ETFs marked a significant milestone with a substantial $14.8 million net inflow, as reported by BitMEX Research. This marks a noteworthy shift, representing the first daily net inflow since January 19. Concurrently, Grayscale’s GBTC observed a moderation in outflows, totaling $255 million — the lowest recorded figure since January 11. Despite this positive development, the cumulative outflows from GBTC remain significant, exceeding $5 billion.
Before the ETF’s launch on January 11, Grayscale’s GBTC held approximately 621,000 BTC. Recent data from Glassnode reveals a reduction in the fund’s Bitcoin balance to around 506,000 BTC, indicating a decrease of nearly 20% since the inception of the ETF.
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On January 26, BlackRock’s IBIT received a positive boost with net inflows of $87 million, reaching $2.2 billion, according to BitMEX Research. Contributing to the positive trend, Fidelity saw an additional net inflow of $100 million, bringing the firm’s total to $1.9 billion. Notably, Fidelity’s FBTC ETF consistently draws in at least $100 million in net inflows every trading day, as highlighted by BitMEX Research.
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