🏀 Net outflow from spot Bitcoin ETFs reaches record 🛫
On January 24, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $429.3 million, which exceeded the total inflows into other spot Bitcoin ETFs ($204.7 million). Such calculations were made by Bloomberg analyst James Seyffart.
As a result, the net outflow from the sector over the past 24 hours amounted to $224.6 million. The given data does not take into account the indicators of IShares Bitcoin Trust (IBIT).
According to BitMEX Research, on January 24, investors directed $66.2 million into the mentioned product. As a result, the net outflow for the sector was less - $158.4 million.
The negative trend continued for the third day in a row. For nine days, the value was positive - $824.4 million. This was largely due to the excitement on the first day of trading ($655.2 million).
Sosovalue.xyz’s net outflow figures on January 24 are almost identical to those of BitMEX ($159.04 million).
According to K33 Research, the addresses of issuers excluding Grayscale already hold 126,155 BTC.