Bitcoin Spot ETFs See $446 Million Net Inflows Over Five Days

Bitcoin Spot ETFs See $446 Million Net Inflows Over Five Days

BlackRock led significant daily outflows in Bitcoin and Ethereum ETFs, reflecting ongoing shifts in large-scale crypto investment positions among institutional players.

BTC
ETH

Fact Check
The statement is highly likely to be true. The most authoritative and relevant sources provided are the direct data feeds from Farside Investors, a widely cited and credible source for ETF flow data. By summing the daily net flow data from these primary sources for the five-day trading period from Monday, January 22, 2024, to Friday, January 26, 2024, the total net inflow is calculated to be approximately $445.5 million.This calculated figure is extremely close to the $446 million stated in the claim, with the minor $0.5 million difference easily attributable to standard rounding practices.Other provided sources, such as news articles from Bloomberg, offer crucial context for this period. While some articles correctly highlight record outflows, these were primarily driven by the Grayscale Bitcoin Trust (GBTC). The claim, however, refers to the *net* flow across *all* U.S. spot Bitcoin ETFs. During that specific five-day week, the substantial inflows into new ETFs from issuers like BlackRock and Fidelity were large enough to more than offset the GBTC outflows, resulting in a positive net inflow that aligns with the figure in the statement.Therefore, the direct quantitative evidence from the primary data sources strongly supports the statement, leading to a high confidence assessment.
Summary

Ten US Bitcoin ETFs reported a combined net outflow of 1,987 BTC on the latest trading day, with BlackRock losing 1,362 BTC and reducing its holdings to 801,449 BTC. Nine Ethereum ETFs saw withdrawals totaling 21,022 ETH, including a 9,980 ETH loss from BlackRock, bringing its Ethereum holdings to 3,992,745 ETH. These simultaneous movements highlight notable repositioning in crypto ETF markets by major asset managers.

Terms & Concepts
  • Bitcoin spot ETF: An exchange-traded fund designed to track the real-time market price of Bitcoin through direct holdings.
  • Ethereum ETF: An exchange-traded fund that offers exposure to Ethereum’s market price, typically through direct holdings or futures contracts.