Bitcoin ETF

Bitcoin

Spot

<p><a href="https://bitcoinist.com/bitcoin-spot-etf-fidelity-dtcc/">Fidelity’s Spot Bitcoin ETF, FBTC</a>, recorded an impressive amount of inflows on January 29 (Day 12 of trading). Notably, the figure alone was enough to overshadow the <a href="https://bitcoinist.com/grayscale-bitcoin-etf-outflows-end-experts/">outflows recorded by Grayscale’s GBTC</a>. This suggests that things are beginning to stabilize for the Bitcoin ETF market as net inflows overwhelm the outflows.&nbsp;</p> 
<h2 id="fidelity-records-208-million-of-inflows">Fidelity Records $208 Million Of Inflows</h2> 
<p>BitMEX Research revealed in an X (formerly Twitter) <a href="https://x.com/BitMEXResearch/status/1752149958965264694?s=20" rel="nofollow" target="_blank">post</a> that <a href="https://www.newsbtc.com/news/bitcoin/fidelity-bitcoin-spot-etf-records-1-billion-in-net-inflows-details/" rel="nofollow noopener" target="_blank">Fidelity’s FBTC</a> saw an inflow of $208 million on January 29. This figure more than offsets the $192 million in outflows recorded by Grayscale’s GBTC. Before now, GBTC’s outflows had been the major talking point and how they were negatively impacting BTC’s price.</p> 
<p>However, that looks to be changing, seeing as how only FBTC’s inflow has been able to overshadow GBTC’s outflow. Interestingly, <a href="https://www.newsbtc.com/news/bitcoin/blackrocks-ibit-maintains-lead-in-bitcoetf-market-crosses-2-billion-in-inflows/" rel="nofollow noopener" target="_blank">the cumulative inflows</a> recorded by the other nine Spot Bitcoin ETF issuers have always offset GBTC’s outflows.&nbsp;</p> 
<p>Bloomberg analyst James Seyffart <a href="https://x.com/JSeyff/status/1751982123660014076?s=20" rel="nofollow" target="_blank">highlighted</a> how the “newborn 9” had a gross flow of $5.8 billion after Day 11 of trading in comparison to GTBC’s total outflow of $5 billion since its Spot Bitcoin ETF conversion. Meanwhile, these newborn 9 are <a href="https://x.com/HODL15Capital/status/1752010497744912432?s=20" rel="nofollow" target="_blank">said</a> to have bought 140,000 BTC since they launched while Grayscale has sold about 120,000 BTC in that same period.&nbsp;</p> 
<p>This is why <a href="https://www.newsbtc.com/news/bitcoin/bitmex-ceo-bitcoin-experiment-bright-future/" rel="nofollow noopener" target="_blank">BitMEX’s co-founder Arthur Hayes</a> was <a href="https://bitcoinist.com/bitcoin-fall-30-top-2-altcoins/">quick to dismiss</a> the argument that Grayscale’s BTC sales were the major reason for <a href="https://bitcoinist.com/bitcoin-price-crashed-below-40000/">Bitcoin’s recent decline</a>. Whatever the case might be, GBTC’s outflows slowing down is good news for the market since the selling pressure from Grayscale is bound to reduce.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/iKjLHXU3/" alt="BTC price chart from Tradingview.com (Bitcoin Spot ETF)" width="3266" height="1530"></p> 
<h2 id="fight-for-spot-bitcoin-etf-dominance-is-still-on">Fight For Spot Bitcoin ETF Dominance Is Still On</h2> 
<p><a href="https://bitcoinist.com/spot-bitcoin-etf-issuers-slash-fees-be-careful/">Spot Bitcoin ETF issuers</a> are not relenting in their fight for a huge chunk of the Bitcoin ETF market. Seyffart <a href="https://x.com/JSeyff/status/1752086505542099335?s=20" rel="nofollow" target="_blank">revealed</a> that Invesco and Galaxy Digital had slashed the long-term fee on their Invesco Galaxy Bitcoin ETF from 0.39% to 0.25%. It is worth mentioning that they <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-spot-etf-bitwise/" rel="nofollow noopener" target="_blank">had already waived fees</a> for the first six months or the first $5 billion in assets.&nbsp;</p> 
<p>Following this development, Grayscale is now the only issuer with a fund fee above 0.30%. GBTC’s management fee currently stands at 1.5%. However, analysts like Samson Mow <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-to-reach-1-million/" rel="nofollow noopener" target="_blank">predict</a> that Grayscale will cut this fee soon enough.&nbsp;</p> 
<p>Meanwhile, <a href="https://bitcoinist.com/google-spot-bitcoin-etfs-ads/">Google began allowing</a> these issuers to roll out advertisements for their respective funds on January 29, and asset managers like <a href="https://bitcoinist.com/blackrock-seeded-bitcoin-spot-etf/">BlackRock</a> and VanEck <a href="https://x.com/scottmelker/status/1752090909011750942?s=20" rel="nofollow" target="_blank">didn’t waste</a> time in leveraging these Google Ads to market their Spot Bitcoin ETF. This marketing war is expected to remain a constant as <a href="https://bitcoinist.com/ark-invest-offloads-its-grayscale-bitcoin-shares/">Bloomberg analyst Eric Balchunas</a> once mentioned that these asset managers will look to always outdo themselves.&nbsp;</p>

Fidelity Plugs The GBTC Bleed: Spot Bitcoin ETFs Begin Healing With Inflows Ramping Up

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