Bitcoin ETF

Grayscale Bitcoin Trust

BlackRock

<div class="insidebitcoins">
 The spot Bitcoin ETF (exchange-traded) products launched by BlackRock and Fidelity last month ranked among the top ten largest ETFs in the US in January with in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> of $4.8 billion.
 The BlackRock iShares Bitcoin Trust (IBIT) ETF ranked eighth with around $2.6 billion in net in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> while Fidelity’s Wise Origin Bitcoin ETF (FBTC) ranked tenth with $2.2 billion in in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Two spot bitcoin ETFs among top 10 of *all* ETF inflows in January…
 Never thought I'd see the day.
 via @MorningstarInc pic.twitter.com/o7L5CEu5Ef
 — Nate Geraci (@NateGeraci) February 3, 2024
 </blockquote>
 
 The data shows what a roaring success spot Bitcoin ETFs have been such their launch on Jan. 11, as BlackRock and Fidelity dominate over two-thirds of inflows. ETF Store President Nate Geraci says the Wall Street giants are contending in a “two-horse race.”
 Conversely, Bitcoin ETFs offered by crypto-native companies such as ARK Invest and Galaxy Invesco lag in inflows. The ETFs have seen total flows of $683 million and $293 million in January, respectively, according to BitMEX data.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin Spot ETF Flow data
 Up to 2nd Feb 2024 pic.twitter.com/gN2GKLedxn
 — BitMEX Research (@BitMEXResearch) February 3, 2024
 </blockquote>
 
 Geraci is optimistic that these ETFs will attract more in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> soon and hit $1 billion.
 <h2 id="grayscale-bitcoin-etf-outflows-hit-5-7-billion-in-january">Grayscale Bitcoin ETF Outflows Hit $5.7 Billion in January</h2>
 Bitcoin ETF products are also ranking among the largest in terms of outflows. The Grayscale Bitcoin Trust had the second-highest outflows of around $5.7 billion in January. The ETF had the highest single-day outflow of $640 million on Jan. 22.
 Grayscale has posted consistent out<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> since its GBTC ETF started trading on January 11. However, the out<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> are easing because with only $145 million exiting on February 2, its second lowest since the second day of trading.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Grayscale's $GBTC Bitcoin out<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> are consistently decreasing.
 Today this ETF saw an outflow of -$145M, the lowest figure since day 2 of launch.
 The outflow of -$145M is already lower than Blackrock's $IBIT brought in yesterday (+$164M).
 Most people who would have wanted… pic.twitter.com/zzSwebscAW
 — Sinz 🗝️⚡ Bitguide (@Sinz_Bitguide) February 3, 2024
 </blockquote>
 
 Bloomberg ETF analyst Eric Balchunas said&nbsp;that the ETFs have recovered from the January 22-25 outflow mayhem, indicating the products will continue amassing interest.
 <h3 id="also-read">Also Read:</h3>
 <ul>
 <li>Bitcoin On-Chain Volume Surged In January, Reaching Highest Level Since September 2022</li>
 <li>Bitcoin Price Prediction: Top Trader Sees BTC Hitting $30K On Halving Before Soaring To New ATH In 4Q As Experts Say This Cloud Mining Presale Might 10X</li>
 <li>El Salvador’s Bitcoin-Friendly President Nayib Bukele Heads For Re-Election</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-and-fidelity-bitcoin-etfs-rocket-into-top-ten-attracting-4-8-billion-inflows-in-first-month-tbt78942.html">https://thebittimes.com/blackrock-and-fidelity-bitcoin-etfs-rocket-into-top-ten-attracting-4-8-billion-inflows-in-first-month-tbt78942.html</a>
</div>

BlackRock And Fidelity Bitcoin ETFs Rocket Into Top Ten, Attracting $4.8 Billion Inflows In First Month

목차

TheBitTimes

2024년 2월 5일에 게재된 다른 기사

Feathercoin: What is Fethercoin; is it an alternative to Bitcoin?

Market Mood Swings: Top Cryptocurrencies Encounter a Surge of Pessimism

Hacker allegedly gains access to law enforcement tool to target user data on Discord, Binance, Co...

Top Altcoins To Buy Now For Maximum Gains In This Crypto Bull Cycle – Lark Davis

Terra (LUNA) Former CFO Extradited from Montenegro to South Korea

Ethereum (ETH) And Binance (BNB) Face Difficulties Amidst Fluctuating Market – Meme Moguls (MGLS)...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!