{"id":570460,"date":"2024-01-20T06:18:35","date_gmt":"2024-01-20T06:18:35","guid":{"rendered":"https:\/\/wncen.com\/?p=570460"},"modified":"2024-06-11T14:44:42","modified_gmt":"2024-06-11T14:44:42","slug":"fidelity-bitcoin-spot-etf-records-1-billion-in-net-inflows-details","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fidelity-bitcoin-spot-etf-records-1-billion-in-net-inflows-details\/","title":{"rendered":"Fidelity Bitcoin Spot ETF Records $1 Billion In Net Inflows – Details"},"content":{"rendered":"
Data from the trading analytics platform BitMEX Research reveals<\/a> that Fidelity’s Bitcoin spot ETF – FBTC – has now witnessed a total inflow of over $1 billion. This development comes as BTC attempts to rebound from its recent dip over the last two weeks with a 1.56% gain in the past day, based on data from CoinMarketCap<\/a>.\u00a0\u00a0<\/span><\/p>\n Following the official launch of Bitcoin spot ETF trading on January 11, Fidelity has now become the second asset manager, with its BTC spot ETF recording an accumulative inflow of $1 billion. <\/span>According to BitMEX Research, Fidelity\u2019s FBTC experienced an inflow of $177.9 million on January 18, bringing its total inflows to $1.1 billion within five days of trading.\u00a0<\/span><\/p>\n FBTC now sits at the same table as BlackRock\u2019s IBIT, whose total inflows are valued at $1.2 billion. Together, both investment funds by Fidelity and BlackRock now account for over 67% of the $3.4 billion inflows recorded in the Bitcoin spot ETF market so far.\u00a0<\/span><\/p>\n Other Bitcoin spot ETFs with a notable positive performance include Bitwise\u2019s BITB, Ark Invest\u2019s ARKB, and Invesco\u2019s BTCO, which have posted individual total inflows of $395.5 million, $320.9 million, and $194.8 million, respectively.\u00a0<\/span><\/p>\n Bitcoin Spot ETF Flow data – Day 5<\/p>\n Data out for all providers<\/p>\n Net outflow of $131.6m on day 5 for all spot ETFs, large $579.6m GBTC outflow pic.twitter.com\/McHZrRghtu<\/a><\/p>\n \u2014 BitMEX Research (@BitMEXResearch) January 19, 2024<\/a><\/p><\/blockquote>\n On the other hand, Grayscale\u2019s GBTC continues to experience outflows on a massive scale<\/a>.\u00a0<\/span><\/p>\n BitMEX Research reveals that GBTC recorded an outflow of $579.6 million on January 18, leading the Bitcoin spot ETF market to witness a net outflow of $131.6 million. This represented the second day the BTC spot ETF market recorded a net outflow since its launch.\u00a0<\/span><\/p>\n GBTC’s total outflows are now valued at $2.1 billion, resulting in Bitcoin spot ETFs having a cumulative net inflow of only $1.3 billion despite the $1 billion status of BlackRock and Fidelity\u2019s ETFs.<\/span><\/p>\n <\/p>\n Against popular predictions, Bitcoin has witnessed a price decline in the last two weeks following the approval of the much-anticipated BTC spot ETF on January 10<\/a>. Many analysts have attributed this unexpected development to the massive selling pressure generated by GBTC\u2019s outflows.\u00a0<\/span><\/p>\nFidelity Joins BlackRock On Exclusive $1-B List, As Grayscale\u2019s ETF Continues To Bleed<\/span><\/h2>\n
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Source: BitMEX Research<\/pre>\n
Bitcoin\u2019s Price Overview<\/span><\/h2>\n