Grayscale GBTC has seen capital outflows for 12 consecutive days, while Fidelity FBTC spot Bitcoin ETF has seen a large amount of net inflows

According to the Daily Planet, on January 29, Grayscale GBTC had outflows for 12 consecutive days, with a daily outflow of $191.7 million. The outflow of GBTC funds slowed down, down nearly 25% from $255 million on January 26, and a sharp drop of 70% from $641 million on January 22. Fidelity's spot Bitcoin ETF FBTC had a large net inflow on January 29, with a daily inflow of $208 million, exceeding the outflow of Grayscale Bitcoin Trust (GBTC) for the first time since its launch.