US Bitcoin Spot ETF Sees $457.93 Million in Net Outflows Amid Mixed Investor Activity

In a recent report from COINOTAG on January 28th, substantial net outflows from the US Bitcoin spot ETF have been noted, totaling $457.93 million. This includes varied contributions from major players in the market. Notably, the BlackRock IBIT attracted a net inflow of $63.47 million, signifying continued institutional interest. Conversely, the Grayscale GBTC suffered a net outflow of $108.5 million, which raises questions about investor sentiment towards the asset. Additionally, Fidelity FBTC faced significant outflows totaling $268.6 million, while ARKB reported a net outflow of $50.1 million. Smaller withdrawals were also seen from HODL with $5.7 million. These figures suggest a complex landscape for cryptocurrency investments as market dynamics continue to evolve.