Bitcoin ETFs sees $197 million inflow, BlackRock and Fidelity lead the charge Insights BitcoinCrypto EquitiesETFsGBTC
Bitcoin ETFs sees $197 million inflow, BlackRock and Fidelity lead the charge
A four-day streak of net inflows marks a bullish trend for Bitcoin ETFs.
Quick Take
Day 14 for the new Bitcoin ETFs marked another day of net inflows, with a considerable $197 million entering the market on Jan. 31, according to Whale Panda.
This marks the fourth successive trading day of net inflows, underlining a trend in the market’s dynamic. Among the prominent contributors, BlackRock’s IBIT showed a strong performance, with net inflows of $116 million, according to Whale Panda, boosting its total to an impressive $2.8 billion.
Meanwhile, Fidelity’s FBTC recorded one of its strongest inflows since inception, with a significant $232 million, leading its total to $2.4 billion.
In contrast, GBTC experienced further outflows of $188 million, pushing its total to $5.6 billion outflows, showcasing the lowest amount since its launch.
In aggregate, the Bitcoin ETFs have acquired a hefty $1.3 billion in Bitcoin, suggesting a potent attraction for investors toward these financial products.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.