Bitcoin ETFs see minor net outflows of $100 million as BlackRock acquires 4,080 more Bitcoin Insights Crypto EquitiesETFsGBTC
Bitcoin ETFs see minor net outflows of $100 million as BlackRock acquires 4,080 more Bitcoin
BlackRock adds $160 million in Bitcoin as Grayscale outflows pass $3.96 billion in total.
Bitcoin ETFs in the U.S. saw inflows of around $409 million yesterday as BlackRock recorded a purchase of roughly $160 million Bitcoin by adding a further 4,080 coins to its balance.
Data shared by Bloomberg analyst James Seyffart last night, Jan. 23, revealed $515 million in outflows for Grayscale with $249 million inflow from the other Newborn Nine ETFs. Given the now-released BlackRock data, this confirms that Jan. 23 was a net outflow day for Bitcoin ETFs of around $100 million.
CryptoSlate data below shows the inflows for BlackRock since inception, with 4,080 BTC added on Jan. 23. This brings its total assets under management to around $1.72 billion.
| Day | Date (D-M) | NAV per Share | Shares Outstanding | New Shares | New Shares by NAV | BTC | BRRNY | AUM by BRRNY | New BTC | Inflow by BRRNY Value |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 23-01 | $22.36 | 70.08M | 11.4M | $260.53M | 44,004 | $39,238 | $1.73B | 4,080 | $160.07M |
| 7 | 22-01 | $22.86 | 58.68M | 8.44M | $201.47M | 39,925 | $40,116 | $1.60B | 6,494 | $260.51M |
| 6 | 19-01 | $23.87 | 50.24M | 6.24M | $145.53M | 33,431 | $41,898 | $1.40B | 4,809 | $201.49M |
| 5 | 18-01 | $23.32 | 44M | 15.28M | $371.44M | 28,622 | $40,933 | $1.17B | 3,555 | $145.52M |
| 4 | 17-01 | $24.31 | 28.72M | 8.64M | $212.70M | 25,067 | $42,666 | $1.07B | 8,705 | $371.41M |
| 3 | 16-01 | $24.62 | 20.08M | 15.48M | $386.03M | 16,362 | $43,210 | $707.00M | 4,923 | $212.72M |
| 2 | 12-01 | $24.94 | 4.6M | 4.2M | $111.67M | 11,439 | $43,770 | $500.69M | 8,818 | $385.96M |
| 1 | 11-01 | $26.59 | 400,000 | 400,000 | $10.45M | 2,621 | $46,666 | $122.31M | 2,393 | $111.67M |
| Seed | $26.12 | 228 | $10M | 228 | $10M |
Analyst 
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
