Bitcoin Spot ETFs Saw a Total Net Outflow of $104 Million Yesterday, Marking 5 Consecutive Days of Net Outflows

Odaily According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $104 million yesterday (US Eastern Time, January 23).

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF IBIT, with a single-day net outflow of $102 million. IBIT's cumulative historical net inflow currently stands at $62.903 billion.

This was followed by Fidelity's ETF FBTC, with a single-day net outflow of $1.9473 million. FBTC's cumulative historical net inflow currently stands at $11.465 billion.

As of the time of writing, the total net asset value of Bitcoin spot ETFs is $115.883 billion, with an ETF net asset ratio (market value as a percentage of Bitcoin's total market cap) reaching 6.48%. The cumulative historical net inflow has reached $56.495 billion.