Editor's PiCK
US Bitcoin Spot ETF Inflows Reach $50.8 Trillion This Year, Grayscale Sees $30 Trillion Outflow
Summary
- US Bitcoin spot ETFs have seen net inflows of over 50 trillion won this year.
- Grayscale GBTC alone recorded a net outflow exceeding 30 trillion won.
- The overall market fund flow emphasizes continuous inflows centered around BlackRock and others.
The 11 Bitcoin (BTC) spot exchange-traded funds (ETFs) listed in the United States have seen net inflows of $35.5 billion (approximately 50.8963 trillion won) this year. In contrast, Grayscale's spot ETF, GBTC, alone recorded a net outflow exceeding $21 billion (approximately 30 trillion won).
On the 16th, cryptocurrency-focused media Cointelegraph reported, "Grayscale GBTC has experienced a net outflow of over $21 billion this year," while "the total Bitcoin spot ETFs listed in the United States have seen net inflows of $35.5 billion so far."
Despite the significant outflow from Grayscale GBTC, the overall inflow of funds into Bitcoin spot ETFs is on the rise. Notably, BlackRock's BTC spot ETF has seen inflows of $35.8 billion (approximately 51.3372 trillion won) so far.
The media added, "Grayscale's Ethereum (ETH) spot ETF, GETH, is also showing a similar outflow trend as GBTC," while "Ethereum ETFs from BlackRock, Fidelity, and others, excluding Grayscale, are all showing positive inflows."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
