On the 10th day of BTC spot ETF trading initiation, a net outflow of $80 million was observed. BitMEX Research, in an official report, disclosed a net outflow of $394 million from Grayscale GBTC. Notably, the ETFs that experienced a net inflow during this period were Blackrock IBIT ($170 million), Fidelity FBTC ($111 million), Bitwise BITB ($20 million), Ark21 Shares ARKB ($16.1 million), and Valkyrie BRRR ($6.5 million). It's worth mentioning that BTC spot ETFs from Invesco, Franklin Templeton, Van Eck, and Wisdom Tree were excluded from the analysis due to their relatively smaller scale.
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