Bitcoin (BTC) ETFs Show Net Outflows as Buying at BlackRock’s IBIT and Others Slow

In response to knowledge collected by Bloomberg Intelligence analyst James Seyffart, the ten spot bitcoin ETFs (GBTC included) noticed a web outflow of $158 million on Wednesday. Day-to-day flows can, in fact, be mercurial. Numbers compiled by CoinDesk from the issuers’ web sites reveals whole bitcoin held by the entire spot ETFs (GBTC included) as of Jan. 24 of 642,458 versus 660,540 per week earlier, a decline of greater than 18,000 tokens.