Green Trading Day for Bitcoin ETFs
U.S. spot bitcoin exchange-traded funds (ETFs) rebounded from the significant outflow with modest gains of $18.44 million, according to trading metrics from Sosovalue. On a quiet trading day, Blackrock’s IBIT brought in $30.14 million in inflows, while Ark and 21Shares’ ARKB saw $11.7 million in outflows.
The other 10 spot bitcoin ETFs remained neutral, with no inflows or outflows. The total value of assets traded on Tuesday, Jan.28, was $2.49 billion, and the cumulative total net inflow slightly increased to $39.5 billion.
Blackrock’s IBIT continued to lead the cumulative net inflow with $39.82 billion, more than three times the size of the cumulative net inflow of Fidelity’s FBTC with $12.77 billion.
Ark and 21Shares’ ARKB, Bitwise’s BITB, and Grayscale’s BTC are the only other ETFs to have hit the billion mark in net inflows with $2.9 billion, $2.33 billion, and $1.12 billion under management.
The ETF net asset ratio, which measures the market value of ETFs relative to the entire market cap of bitcoin stood at 5.91%, and the total net asset value of bitcoin spot ETFs is $118.62 billion.
Ether ETFs saw no trading action for Tuesday, Jan. 28 with no inflows or outflows into the 9 U.S. spot ether ETFs.
