spot_imgspot_imgspot_img

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

grayscale
Grayscale

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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

BlackRock’s iShares Bitcoin Trust Skyrockets to $10 Billion AUM, Marking Historic ETF Milestone

This article explores the remarkable achievement of BlackRock's iShares Bitcoin Trust (IBIT) reaching $10 billion in assets under management (AUM), reflecting growing institutional interest and trust in cryptocurrency investments.

Bitcoin Futures Open Interest Hits Record High, Signaling Strong Market Sentiment

This article delves into the recent surge in Bitcoin futures open interest, showcasing increased market activity and the implications of speculative buying on price movements.

Bitcoin Enters Bull Market with Predictions of 10-Month ‘Face Melting FOMO,’ Says Analyst PlanB

This article explores the latest Bitcoin bull market forecast by analyst PlanB, the implications of the stock-to-flow model, and the role of new Bitcoin ETFs in shaping investor interest and market dynamics.

Bitcoin Eyes $70,000 Milestone: Bloomberg’s McGlone Predicts Shift from Gold to Crypto

As Bitcoin approaches the $70,000 mark, Bloomberg's Mike McGlone forecasts a pivotal transition in investment from gold to cryptocurrency, signaling a transformative phase in asset allocation.

Can XRP Price Reach $1? Noted Analyst Reveals Prediction!

Ripple's XRP token is trading below $0.60; what will be the next target for the XRP token? Current predictions!
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

BlackRock’s iShares Bitcoin Trust Skyrockets to $10 Billion AUM, Marking Historic ETF Milestone

This article explores the remarkable achievement of BlackRock's iShares Bitcoin Trust (IBIT) reaching $10 billion in assets under management (AUM), reflecting growing institutional interest and trust in cryptocurrency investments.

Bitcoin Futures Open Interest Hits Record High, Signaling Strong Market Sentiment

This article delves into the recent surge in Bitcoin futures open interest, showcasing increased market activity and the implications of speculative buying on price movements.

Bitcoin Enters Bull Market with Predictions of 10-Month ‘Face Melting FOMO,’ Says Analyst PlanB

This article explores the latest Bitcoin bull market forecast by analyst PlanB, the implications of the stock-to-flow model, and the role of new Bitcoin ETFs in shaping investor interest and market dynamics.