Bitcoin ETF Inflows Slow as Prices Decline, With Top Funds Seeing First Overall Outflows
• Spot bitcoin ETFs saw combined negative flows for the first time since launching on Jan. 11 • Grayscale's GBTC saw actual negative flows over the past week, with bitcoin in trust falling from 592,098 to 523,516 • BlackRock's IBIT and Fidelity's FBTC lead in assets under management, each holding over 40,000 bitcoin • Inflows have slowed recently for top funds - BlackRock added just 1,663 bitcoin on Jan. 24, down from 8,705 on Jan. 17 • Since launching on Jan. 11, net inflows into spot ETFs total $824 million, equal to 17,000-20,000 net bitcoin