Spot Bitcoin ETFs show strong performance days after approval
Two days after approval , spot Bitcoin exchange-traded funds (ETFs) are receiving an impressive amount of inflow, according to data from BitMEX Research. The analytics company reported a total net inflow of $532 million for spot Bitcoin ETFs, with BlackRock IBIT leading the pack at $498 million. Fidelity’s FBTC followed at $422 million, and 21 Shares’ ARKB posted a net inflow of $105 million. Bitcoin Spot ETF Flow – Day 2 UPDATE Flow number for Blackrock now in. Blackrock had $386m of inflow. This gives Blackrock almost $500m of inflow in the first 2 days, likely putting it in the lead https://t.co/N0jYEQpgdg pic.twitter.com/xGzY8jvblO — BitMEX Research (@BitMEXResearch) January 13, 2024 However, not all funds experienced gains. Grayscale’s GBTC saw a sizeable outflow of $579 million, including a $484 million outflow on the second day alone, as reported by Bloomberg analyst James Seyffart on X. Bitwise posts impressive second day performance Interestingly, Bitw...