Inflows into Bitcoin spot ETFs reached 200 million yesterday

Yesterday's winner in Bitcoin spot ETFs was Fidelity. The company received a net investment of $232 million in its Bitcoin product. That figure was $116 million for BlackRock.

Grayscale continues to reduce...

Grayscale, which has sold hundreds of millions of dollars worth of Bitcoin since Jan. 11, had net outflows of $187 million yesterday. The value of Bitcoins held by Grayscale is still over $20 billion.

This figure is around $2.8 billion for BlackRock and $2.5 billion for Fidelity. After these two companies, Bitwise comes with $647 million and ARK Invest with $645 million.

Positive for the last 4 days in a row

On the other hand, as of Jan. 31, the cumulative net investment received by ETFs was $1.46 billion. The total value of assets is over $27 billion. ETFs are also seen to have turned positive in the last 4 days after 4 days of negative net investments in a row.

ETFs received net investments of +$14 million on Friday, +$255 million on Monday, +$247 million on Tuesday, and +$197 million yesterday.

The number of Bitcoin held by companies was 653,274 BTC, and this figure broke a new record.

Published: February 1, 2024 2:18 pm

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