Recent developments in the U.S. spot
$BTC #ETFs market have caught attention as net outflows occurred for the first time since President Donald Trump’s inauguration. On January 27th, a collective $457.48 million was withdrawn from 12 Bitcoin ETFs, following a week of inflows totaling $4.2 billion, according to SoSoValue data.
Fidelity’s
#FBTC led the day’s outflows with $268.59 million, followed by Grayscale’s GBTC at $108.47 million. Other ETFs like Bitwise’s BITB and ARK 21Shares’ ARKB recorded outflows of $88.57 million and $50.11 million, respectively. Meanwhile,
#BlackRocks IBIT defied the trend, drawing $63.94 million in inflows, reinforcing its position as a market leader with nearly $40 billion in net inflows since its inception.
The outflows coincided with a sharp drop in Bitcoin prices, falling from $105,000 to an intraday low of $97,855 (BingX), amidst $1 billion in crypto market liquidations. This turbulence is largely attributed to investor caution surrounding the rapid adoption of the Chinese AI app
#DeepSeek which has sparked risk-off sentiment in the markets.
While the market recalibrates, it’s a reminder of the evolving dynamics between innovation, global adoption, and crypto market stability.
#DeepSeekImpact