Bitcoin ETF

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You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/spot-bitcoin-etfs-surge-in-the-us-market-2" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs Surge in the US Market</a> 
Fidelity’s spot <a href="https://en.bitcoinhaber.net/bitcoin-market-watches-federal-reserve-meeting-for-interest-rate-decision" rel="noopener noreferrer nofollow">Bitcoin</a> ETF, FBTC, became the second ETF to surpass $1 billion in inflows on its fifth trading day, following BlackRock’s IBIT. However, Grayscale’s GBTC experienced an outflow of $579.6 million, overshadowing other funds and shaking the spot Bitcoin ETF market.
BitMEX Research reports that 11 US spot Bitcoin ETFs saw a total of approximately $1.2 billion in net inflows in the first five days. Fidelity followed BlackRock in exceeding $1 billion in inflows, with Bitwise, Ark Invest/21Shares, and Invesco trailing behind with significant inflows.
January 18th marked the worst day for spot Bitcoin ETFs since their launch on January 11th, with a record net outflow of $131.6 million. GBTC’s outflow dominated, negating the inflows to other ETFs, despite ten out of eleven ETFs seeing a total of $447.9 million in inflows.
Fidelity’s FBTC and BlackRock’s IBIT led the inflows, with Invesco’s BTCO, Ark Invest/21Shares’s ARKB, and Bitwise’s BITB also seeing substantial inflows. Other spot ETFs remained flat throughout the day.
After a net inflow of $474 million on January 17th, the following day saw the second highest net outflow. The first trading day and the second trading day had seen inflows of $628.5 million and $229.4 million, respectively. Grayscale, BlackRock, and Fidelity’s spot Bitcoin ETFs continued to dominate trading volumes, contributing to a cumulative volume nearing $14 billion.
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Spot Bitcoin ETFs Surge in the US Market

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