Summary
Despite net outflows from the Grayscale Bitcoin Trust (GBTC), ETF issuers added over 4,200 bitcoins worth $183 million to their holdings. Daily flows were consistently negative last week, with around 20,000 bitcoins leaving the funds. The last net inflow day was on Jan. 22, when the funds added just over 1,200 bitcoins.
Key Points
1. Despite recent net outflows at the Grayscale Bitcoin Trust, ETF issuers collectively added over 4,200 bitcoin to their holdings, valued at approximately $183 million.
2. In the previous week, there were daily negative flows, with around 20,000 bitcoin leaving the funds between January 23 and January 26.
3. Prior to the recent inflow, the last day of net inflows was on January 22, when the spot funds as a group added slightly over 1,200 bitcoin.