We can see that conditions throughout 2023 have seen net outflows 🟥 across several cohorts, suggesting a non-uniform behavior by different investor cohorts. This broad uptick in accumulation means that strong market performance and increasingly optimistic hopes around a spot BTC ETF are improving investor confidence in the uptrend.
#etf #BTC #OUTFLOW

📊On January 24, the net outflow of #BitcoinETFs was $159M, the largest single-day total net outflow.

#GrayscaleETF registered a single-day net #OUTFLOW of $429M, one of the largest so far🤯

#ETFs other than Grayscale saw net #inflows totaling $270M📈