{"id":10344,"date":"2024-02-01T16:00:00","date_gmt":"2024-02-01T14:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/net-inflow-to-spot-bitcoin-etfs-nears-1-5-billion\/"},"modified":"2024-02-01T16:00:00","modified_gmt":"2024-02-01T14:00:00","slug":"net-inflow-to-spot-bitcoin-etfs-nears-1-5-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/net-inflow-to-spot-bitcoin-etfs-nears-1-5-billion\/","title":{"rendered":"Net Inflow to Spot Bitcoin ETFs Nears $1.5 Billion"},"content":{"rendered":"<p>On January 31, the net inflow into spot Bitcoin ETFs reached $197 million, marking the fourth consecutive day of positive momentum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">According to SoSoValue, the total net inflow of Bitcoin spot ETF on January 31 was US$197 million, and it has been net inflow for four consecutive days. Grayscale GBTC had a single-day net outflow of US$187 million. The other 9 ETFs except Grayscale had a total net inflow of\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1752994745524384010?ref_src=twsrc%5Etfw\">February 1, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Grayscale&#8217;s <span data-descr=\"Grayscale Bitcoin Trust ETF\" class=\"old_tooltip\">GBTC<\/span> saw an outflow of $187.7 million, a new low since January 12.<\/p>\n<p>Its competitors attracted $384 million, with Fidelity&#8217;s FBTC accounting for $232 million. In terms of assets under management ($2.54 billion), this ETF is approaching BlackRock&#8217;s IBIT ($2.79 billion).<\/p>\n<p>Overall, the sector&#8217;s <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> increased to $27.8 billion. At its peak on January 12, the figure was $29.4 billion.<\/p>\n<p>In the 14 trading days since the <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approval of the product<\/a>, investors have poured $1.46 billion into such instruments.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin ETF Flow \u2014 Day 14 <\/p>\n<p>All flow data out. Net +$198m inflow for all providers <a href=\"https:\/\/t.co\/MI0Vc6C61d\">pic.twitter.com\/MI0Vc6C61d<\/a><\/p>\n<p>\u2014 BitMEX Research (@BitMEXResearch) <a href=\"https:\/\/twitter.com\/BitMEXResearch\/status\/1752950388829962277?ref_src=twsrc%5Etfw\">February 1, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, Glassnode noted an increase in net capital inflows into spot Bitcoin ETFs, despite the supply overhang caused by the exit from GBTC.<\/p>\n<p>ARK Invest previously identified the approval of exchange-traded funds, alongside halving, institutional adoption, and reduced regulatory uncertainty, as drivers for the further appreciation of digital gold. They forecast the asset could rise to $120,000-$2,300,000 by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 31, the net inflow into spot Bitcoin ETFs reached $197 million, marking the fourth consecutive day of positive momentum. According to SoSoValue, the total net inflow of Bitcoin spot ETF on January 31 was US$197 million, and it has been net inflow for four consecutive days. Grayscale GBTC had a single-day net outflow [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,569,1248,1214,1145],"class_list":["post-10344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-etf","tag-fidelity-investments","tag-grayscale-bitcoin-trust","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10344"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10343"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}