Bitcoin Spot ETF Approved One-Year Anniversary, Cumulative Net Inflows of $36.374 Billion

BlockBeats News, January 10th, 11 Bitcoin Spot ETFs were officially approved on January 10, 2024, and started trading on January 11th, marking its one-year anniversary.

After 250 trading days, Bitcoin Spot ETFs have seen a net inflow of $36.374 billion. Among them, BlackRock's IBIT had the highest net inflow of $37.85 billion, followed closely by Fidelity's FBTC with a net inflow of $12.14 billion. Grayscale's GBTC saw a net outflow of $21.58 billion, becoming the only Bitcoin Spot ETF with a net outflow.

BlockBeats Note: Grayscale Bitcoin Trust was previously a major entry point for investors into the Bitcoin market. It had accumulated a large holding before the launch of the spot Bitcoin ETF, with an initial holding of 619,200 BTC. After transitioning into a spot ETF, it directly inherited its previously substantial asset base. GBTC's management fee (1.5%) is higher than that of its competitors, leading investors to redeem GBTC shares and move to other ETFs after the launch of the spot ETF, making it the only Bitcoin Spot ETF with a net outflow.