The newly issued Bitcoin spot ETF has attracted a capital inflow of 2 billion US dollars

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2024/01/17 08:46

CoinShares research director James Butterfill wrote on the X platform that as of this week ending January 16, 2024, investors have shifted funds to lower-cost US funds, resulting in a net outflow of $424 million.

Since the launch of ETFs based on Bitcoin spot trading, there has been an outflow of $1.18 billion from Grayscale Bitcoin Trust (GBTC). This week, Bitcoin futures ETF (BITO) also saw an outflow of $141 million. At the same time, newly issued US Bitcoin spot ETFs have attracted inflows of $2 billion.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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