Data: Bitcoin spot ETFs saw a total net outflow of $486 million yesterday, with Fidelity FBTC experiencing the largest net outflow at $248 million.
AI Summary1 min read
TL;DR
Bitcoin spot ETFs had a $486 million net outflow on January 7th, led by Fidelity's FBTC with $248 million. BlackRock's IBIT followed with $130 million, while total ETF assets stand at $118.364 billion.
Tags
BlackRockHalving TokensLayer 1BitcoinBitcoin ETFsFidelity FBTCBlackRock IBITnet outflowcryptocurrency
According to data from SoSoValue, Bitcoin spot ETFs saw a net outflow of $486 million yesterday (January 7th, Eastern Time). The Fidelity ETF (FBTC) experienced the largest single-day net outflow at $248 million, bringing its historical total net inflow to $11.835 billion. BlackRock ETF (IBIT) followed with a net outflow of $130 million, bringing its historical total net inflow to $62.851 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $118.364 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.51%, and a historical cumulative net inflow of $57.052 billion.