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The immense hype round Spot Bitcoin ETFs hasn’t helped a lot with their efficiency since inception. All Bitcoin ETFs have witnessed huge outflows and substantial declines in NAV recently. On Monday, January 22, these ETFs recorded a web outflow for the third time after launch. However, BlackRock‘s IBIT has emerged as a winner in the inflow race with $260 million in inflows while Grayscale’s GBTC has once more led the online outflows this time.

How did BlackRock and Grayscale fare?

BitMEX Research information reveals a major web influx of $260.60 million for BlackRock’s IBIT on the seventh day of buying and selling. Whilst, the BlackRock Bitcoin ETF holds an AUM of $1.6 billion. On the opposite hand, a considerable web outflow of $640.50 million from Grayscale Bitcoin ETF was recorded on Monday. This pushes its whole web outflow to a staggering $3.4 billion.

Meanwhile, the seventh day of buying and selling witnessed a complete web outflow of $87.20 million from all 12 Spot Bitcoin ETFs. To date, the whole inflows of those ETFs quantity to $1.09 billion. However, GBTC’s huge $3.4 billion outflow has significantly affected the influx metric. Currently, Grayscale’s GBTC holds an AUM of $21.53 billion.

Also Read: Grayscale Brings New Twist to Spot Bitcoin ETF Marketing War

Data for different Bitcoin ETFs

Following BlackRock intently, Fidelity Wise’s FBTC skilled a web influx of $158.70 million, contributing to an total optimistic movement since its launch. Moreover, it’s price noting that BlackRock and Fidelity’s mixed influx so far is $3.13 billion, which offsets greater than 90% of GBTC’s whole outflows.

Whilst, ARK 21 Shares (ARKB) attracted an influx of $65 million, and Bitwise’s BITB noticed a web influx of $41.60 million. Conversely, Franklin Templeton‘s EZBC, the BTC ETF with the lowest fee, didn’t register a major influx. EZBC recorded a $4.7 million influx on Monday.

Meanwhile, Valkyrie’s BRRR recorded an influx of $9.7 million and VanEck’s HODL reported a $6.8 million influx. In addition, the Invesco Galaxy Bitcoin ETF (BTCO) skilled a decrease web influx of $5.6 million. Moreover, the WisdomTree ETF, BTCW, witnessed the bottom influx of $0.4 million.

Also Read: Jim Cramer Doubts Bitcoin Recovery After ETF Introduction

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