The newly issued Bitcoin spot ETF has attracted a capital inflow of 2 billion US dollars
2024/01/17 08:46
CoinShares research director James Butterfill wrote on the X platform that as of this week ending January 16, 2024, investors have shifted funds to lower-cost US funds, resulting in a net outflow of $424 million.
Since the launch of ETFs based on Bitcoin
spot trading, there has been an outflow of $1.18 billion from Grayscale Bitcoin Trust (GBTC). This week,
Bitcoin futures ETF (BITO) also saw an outflow of $141 million. At the same time, newly issued US Bitcoin spot ETFs have attracted inflows of $2 billion.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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