{"id":35291,"date":"2024-01-20T06:52:53","date_gmt":"2024-01-20T10:52:53","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35291"},"modified":"2024-01-20T06:52:53","modified_gmt":"2024-01-20T10:52:53","slug":"fidelity-bitcoin-spot-etf-records-1-billion-in-net-inflows-details","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/20\/fidelity-bitcoin-spot-etf-records-1-billion-in-net-inflows-details\/","title":{"rendered":"Fidelity Bitcoin Spot ETF Records $1 Billion In Net Inflows \u2013 Details"},"content":{"rendered":"

Data from the trading analytics platform BitMEX Research reveals<\/a> that Fidelity\u2019s Bitcoin spot ETF \u2013 FBTC \u2013 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<\/p>\n

Fidelity Joins BlackRock On Exclusive $1-B List, As Grayscale\u2019s ETF Continues To Bleed<\/h2>\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. 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<\/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<\/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<\/p>\n

Bitcoin Spot ETF Flow data \u2013 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>\n

On the other hand, Grayscale\u2019s GBTC continues to experience outflows on a massive scale<\/a>.\u00a0<\/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<\/p>\n

GBTC\u2019s 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.<\/p>\n\n

Bitcoin\u2019s Price Overview<\/h2>\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<\/p>\n

At the time of writing, Bitcoin trades at $41,536, with a decline of 2.55% and 5.50% in the last seven and 14 days, respectively. As earlier stated, the premier cryptocurrency has garnered some gains of 1.56% in the last day, which may be indicative of a recovery, however, it is too early to call.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Data from the trading analytics platform BitMEX Research reveals<\/a> that Fidelity\u2019s Bitcoin spot ETF \u2013 FBTC \u2013 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<\/p>\n

Fidelity Joins BlackRock On Exclusive $1-B List, As Grayscale\u2019s ETF Continues To Bleed<\/h2>\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. 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<\/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<\/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<\/p>\n

Bitcoin Spot ETF Flow data \u2013 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>\n

On the other hand, Grayscale\u2019s GBTC continues to experience outflows on a massive scale<\/a>.\u00a0<\/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<\/p>\n

GBTC\u2019s 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.<\/p>\n

Bitcoin\u2019s Price Overview<\/h2>\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<\/p>\n

At the time of writing, Bitcoin trades at $41,536, with a decline of 2.55% and 5.50% in the last seven and 14 days, respectively. As earlier stated, the premier cryptocurrency has garnered some gains of 1.56% in the last day, which may be indicative of a recovery, however, it is too early to call.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35291","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35291"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35291\/revisions"}],"predecessor-version":[{"id":35296,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35291\/revisions\/35296"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35291"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}