While Grayscale Experiences Outflows in Spot Bitcoin ETF, BlackRock Emerges Victorious

• All Bitcoin ETFs have recently experienced significant outflows and notable NAV (Net Asset Value) declines. On January 22nd, Monday, these ETFs recorded net outflows for the third time since their launch.
• BitMEX Research data reveals a significant net inflow of $260.60 million for BlackRock’s IBIT on the seventh day of trading.
• The substantial $3.4 billion outflow from GBTC has significantly affected the inflow metric. Currently, Grayscale’s GBTC has an AUM (Assets Under Management) of $21.53 billion.

The excitement around Spot Bitcoin ETFs has quickly faded, and Grayscale has faced significant outflows: BlackRock registers inflows despite negativity.

Grayscale Losing Ground, BlackRock Takes the Lead

The significant enthusiasm surrounding Spot Bitcoin ETFs has not done much to boost their performance since their launch. All Bitcoin ETFs have recently experienced significant outflows and notable NAV (Net Asset Value) declines. On Monday, January 22, these ETFs recorded net outflows for the third time since their launch. However, BlackRock’s IBIT took the lead in the race for inflows this time with a $260 million entry, while Grayscale’s GBTC managed net outflows this time.

BitMEX Research data reveals a significant net inflow of $260.60 million for BlackRock’s IBIT on the seventh day of trading. On the other hand, BlackRock’s Bitcoin ETF has an AUM (Assets Under Management) of $1.6 billion. Meanwhile, a significant net outflow of $640.50 million was recorded on Monday for Grayscale’s Bitcoin ETF. This brings its total net outflows to an astonishing $3.4 billion.

Meanwhile, the seventh day of trading saw a total net outflow of $87.20 million across all 12 Spot Bitcoin ETFs. So far, the total inflows for these ETFs amount to $1.09 billion. However, the substantial $3.4 billion outflow from GBTC has significantly affected the inflow metric. Currently, Grayscale’s GBTC has an AUM of $21.53 billion.

Data for Other Bitcoin ETFs

Fidelity Wise’s FBTC, closely followed by BlackRock, experienced a net inflow of $158.70 million overall, contributing positively since its launch. Notably, the total inflow from BlackRock and Fidelity amounts to $3.13 billion, providing a balance of over 90% against the total outflows from GBTC.

On the other hand, ARK 21 Shares (ARKB) attracted a net inflow of $65 million, and Bitwise’s BITB experienced a net inflow of $41.60 million. Meanwhile, Franklin Templeton’s EZBC, the lowest-fee BTC ETF, did not record a significant inflow. EZBC saw a net inflow of $4.7 million on Monday.

In addition, Valkyrie’s BRRR recorded a net inflow of $9.7 million, and VanEck’s HODL reported a net inflow of $6.8 million. Furthermore, Invesco Galaxy Bitcoin ETF (BTCO) experienced a lower net inflow of $5.6 million. Moreover, WisdomTree ETF, BTCW, saw the lowest inflow at $0.4 million.