Head of Research at CoinShares: U.S. Bitcoin Spot ETF Has Attracted $2 Billion in Inflows
James Butterfill, research director of CoinShares, wrote on X platform that as of the week ending on January 16, 2024, investors have shifted funds to lower-cost US funds, resulting in a total net outflow of $424 million. Since the launch of the ETF based on Bitcoin spot, Grayscale Bitcoin Trust (GBTC) has seen a fund outflow of $1.18 billion. This week, Bitcoin Futures ETF (BITO) also saw a fund outflow of $141 million. At the same time, the newly issued US Bitcoin spot ETF has attracted a fund inflow of $2 billion.
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