- Bitcoin ETFs recorded a daily net outflow of $457.48M, with price drops exceeding 3% across major ETFs.
- BlackRock’s IBIT ETF dominated net assets at $57.86B despite a 3.40% price drop and daily inflow of $63.94M.
- Grayscale’s GBTC ETF showed -$108.47M daily outflows, with cumulative withdrawals reaching -$21.86B, highlighting challenges.
Over the past hours, Bitcoin ETFs have presented varied market movements. As of January 27, the SoSoValue update indicated that the daily total net inflow recorded a negative value of $457.48M, showing outflows from the market. The cumulative total net inflow stood at $39.48B, reflecting sustained long-term investments. The total value traded to $4.80B, while total net assets reached $117.35B, representing 5.84% of Bitcoin’s market cap.
BlackRock’s IBIT ETF Tops $57.86B in Assets
Diving deep into the update, BlackRock’s IBIT ETF led in net assets, holding $57.86B, which accounted for 2.88% of Bitcoin’s market share. IBIT registered a daily net inflow of $63.94M, while its market price dropped by 3.40% to $57.67. Fidelity’s FBTC ETF recorded daily outflows of -$268.59M, with cumulative net inflows of $12.77B. FBTC’s net assets were $21.32B, and its market price decreased by 3.48% to $88.48.
Grayscale’s GBTC ETF held $20.42B in net assets while experiencing -$108.47M in daily withdrawals. Long-term withdrawals resulted in -$21.86B of net cumulative inflows into GBTC. The market price for GBTC reached $80.25 while showing a daily drop of 3.51%.
ARK Invest’s ARKB ETF held net assets of $5.10B, with a daily net outflow of -$50.11M. Its market price dropped by 3.46% to $101.12. Bitwise’s BITB ETF reported net assets of $4.19B and a daily net outflow of -$88.57M. BITB’s market price declined by 3.38% to $55.15.
Valkyrie and Franklin ETFs Suffer Price Drops
Grayscale’s BTC ETF held $4.14B in net assets, with no daily inflows or outflows recorded. Its market price decreased by 3.42% to $44.92. VanEck’s HODL ETF reported cumulative net inflows of $853.40M and net assets of $1.44B. The market price for HODL dropped by 3.43% to $114.66.
Other ETFs, including Valkyrie’s BRRR and Franklin’s EZBC, showed consistent outflows and price drops exceeding 3%. These movements indicate widespread declines across Bitcoin ETFs. The daily trading volume remained significant, with notable activity across leading ETFs.
