Flow

Bitcoin

Spot

<p class="is-style-lead">Net inflows into spot Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) ETFs on the fourth day after launch approached $3 billion.</p> 
<p>According to BitMEX Research data released on Jan. 18, 4-day net inflows into Bitcoin spot ETFs (excluding GBTC) totaled $2.9 billion. Among these 11 ETFs, <a href="https://crypto.news/tag/BlackRock/">BlackRock</a>, <a href="https://crypto.news/tag/Fidelity/">Fidelity</a>, and <a href="https://crypto.news/tag/Bitwise/">Bitwise</a> eclipsed the list of inflows, ranking among the top three <a href="https://crypto.news/tag/etf/">ETF</a> service providers in the trade sphere. The Fund received $1.085 billion, $884 million, and $375, respectively.</p> 
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<p>At the same time, according to another report published later, in four days, the GBTC fund attracted $458 million and $1.6 billion of outflow.</p> 
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   <p lang="en" dir="ltr">Bitcoin Spot ETFs – Day 4 – UPDATE<br><br>GBTC flow number for day 4 now out. $458m of outflow on day 4 and total GBTC outflow of $1.6 billion<br><br>All data for day 4 now available <a href="https://t.co/UCzSiMcz3S" target="_blank">pic.twitter.com/UCzSiMcz3S</a></p>— BitMEX Research (@BitMEXResearch) <a href="https://twitter.com/BitMEXResearch/status/1747955312802349447?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 18, 2024</a>
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<p>Additionally, trading market charts showed a growing rise in the popularity of ETFs following their inception, coinciding with a drop in cryptocurrency market capitalization and a surge in ETF inflows.</p> 
<p>Meanwhile, as Bitcoin ETFs continue to gain traction, the price of BTC traded sideways throughout the week, contrasting with market sentiment following the ETF’s recent <a href="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/">approval</a> by the U.S. Securities and Exchange Commission (<a href="https://crypto.news/tag/sec/">SEC</a>).</p> 
<p>At the time of writing, the price of Bitcoin has recorded a slight fall of 0.60% over the last 24 hours and is currently trading at $42,410. However, the price chart over the past week shows that Bitcoin has fallen by 10.4%.</p> 
<p> You might also like: <a href="https://crypto.news/eth-growth-leads-bitcoin-as-investors-deploy-1-billion/"> ETH growth leads Bitcoin as investors deploy $1 billion </a> </p>

Spot Bitcoin ETFs net inflow approaches $3b

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