According to BlockBeats, on January 10, 11 Bitcoin spot ETFs were officially approved on January 10, 2024, and were listed for trading on January 11. It has been one year since then.
After 250 trading days, Bitcoin spot ETFs have received a net inflow of $36.374 billion, of which BlackRock IBIT received the largest net inflow of $37.85 billion, followed by Fidelity FBTC with a net inflow of $12.14 billion. Grayscale GBTC had a net outflow of $21.58 billion, becoming the only Bitcoin spot ETF with a net outflow.
BlockBeats Note: Grayscale Bitcoin Trust was previously the main way for investors to enter the Bitcoin market. It had accumulated a large number of holdings before the launch of the spot Bitcoin ETF, with an initial holding of 619,200 BTC. After its transformation into a spot ETF, it directly inherited the previous huge asset base. GBTC's management fee rate (1.5%) is higher than that of other competitors, causing investors to choose to redeem GBTC shares and turn to other ETFs after the launch of the spot ETF, making it the only Bitcoin spot ETF with a net outflow.
