Bitcoin ETF: BlackRock Leads Inflows, GBTC Faces Notable $3.4B Outflows
Spot Bitcoin ETFs face challenges in performance despite the initial hype.
On January 22, all 12 ETFs recorded a collective net outflow of $87.20 million, marking the third such instance since their launch. Notably, BlackRock’s IBIT emerged as an exception with a significant $260 million net inflow on the seventh day of trading, contributing to its $1.6 billion AUM.
Conversely, Grayscale’s GBTC continues to lead in net outflows, with a substantial $640.50 million recorded on Monday. This brings GBTC’s total net outflow to an impressive $3.4 billion, significantly impacting the overall inflow metric for spot Bitcoin ETFs. GBTC currently holds an AUM of $21.53 billion.
In the broader landscape, Fidelity Wise’s FBTC follows closely behind BlackRock, experiencing a net inflow of $158.70 million. The combined inflow from BlackRock and Fidelity stands at $3.13 billion to date, offsetting over 90% of GBTC’s total outflows.
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Other notable performances include ARK 21 Shares (ARKB) attracting a $65 million inflow and Bitwise’s BITB securing a net inflow of $41.60 million.
In contrast, Franklin Templeton’s EZBC, the BTC ETF with the lowest fee, saw a modest $4.7 million inflow on Monday. Overall, the landscape remains dynamic, with varying levels of inflows and outflows shaping the trajectory of spot Bitcoin ETFs.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
