{"id":17260,"date":"2024-04-04T14:11:39","date_gmt":"2024-04-04T14:11:39","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17260"},"modified":"2024-04-04T11:24:58","modified_gmt":"2024-04-04T11:24:58","slug":"spot-bitcoin-etf-investors-more-likely-to-buy-data-shows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etf-investors-more-likely-to-buy-data-shows\/","title":{"rendered":"Spot Bitcoin ETF Investors More Likely To Buy Data Shows"},"content":{"rendered":"

There was a turnaround in spot Bitcoin<\/a> ETF flows this week, with net inflows totaling $113.5 million on Wednesday, outpacing the net outflows observed earlier in the week. Fidelity’s FBTC led inflows with $116.7 million, while outflows from Grayscale’s GBTC fund slowed to $75.1 million.<\/p>\n

Combined US spot Bitcoin exchange-traded funds saw net outflows of $87.5 million on Monday, but Wednesday’s inflows reversed that trend. Fidelity’s FBTC saw the most inflows, followed by BlackRock’s IBIT and Bitwise’s BITB.<\/p>\n

Fidelity’s FBTC<\/a> currently manages around 150,000 BTC ($10 billion), while BlackRock’s IBIT leads among newly launched spot Bitcoin ETFs with over 256,000 BTC ($17 billion). In contrast, Grayscale’s GBTC fund, with a higher fee compared to FBTC and IBIT, suffered a 47% drop in assets and now stands at 328,000 BTC ($22 billion).<\/p>\n

Despite the recent outflows, analysts suggest that Grayscale may not be motivated to lower its fee due to the ongoing bull market. Outflows from GBTC peaked on March 18 but have slowed, possibly due to factors such as the closing of markets on Good Friday and potential selling pressure from Genesis Global Holdco LLC.<\/p>\n

Analysts believe that selling pressure from Genesis Global Holdco LLC may have subsided, indicating a potential shift in GBTC’s outflows. Total outflows for GBTC are currently $15.2 billion.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

There was a turnaround in spot Bitcoin ETF flows this week, with net inflows totaling $113.5 million on Wednesday, outpacing the net outflows observed earlier in the week. Fidelity’s FBTC led inflows with $116.7 million, while outflows from Grayscale’s GBTC fund slowed to $75.1 million. Combined US spot Bitcoin exchange-traded funds saw net outflows of<\/p>\n","protected":false},"author":6,"featured_media":13615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[534,3497,297,1662],"class_list":["post-17260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-etf","tag-btc-etf","tag-etf","tag-spot-bitcoin-etf"],"yoast_head":"\nSpot Bitcoin ETF Investors More Likely To Buy Data Shows - Coin Engineer<\/title>\n<meta name=\"description\" content=\"There was a turnaround in spot Bitcoin ETF flows this week, with net inflows totaling $113.5 million on Wednesday, outpacing the net outflows observed earlier in the week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etf-investors-more-likely-to-buy-data-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spot Bitcoin ETF Investors More Likely To Buy Data Shows - 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