2026-01-21 05:24:27

Bitcoin spot ETFs experienced significant capital outflows yesterday (January 20, Eastern US Time), with a total net outflow of $483 million for the day. Among them, Grayscale's GBTC led the outflow list, with a net outflow of $161 million on that day. Once a market darling, this fund now faces considerable pressure, with a total net outflow exceeding $25.5 billion historically, indicating a shift in market sentiment.

However, Fidelity's FBTC performed much more steadily. Although it also experienced a single-day net outflow of $152 million yesterday, its total net inflow has reached $11.764 billion, maintaining its position in the second tier of growth. This divergence reflects investors' differentiated choices among various products.

From the overall market perspective, the total net asset value of Bitcoin spot ETFs is currently around $116.7 billion, accounting for 6.51% of Bitcoin's total market capitalization. Since inception, this sector has achieved a total net inflow of $57.339 billion, which itself demonstrates the important role of spot ETFs in institutional allocations.

BTC-2,58%

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GasWaster

· 1h ago

What happened to Grayscale? The bleeding is so fierce... Fidelity is really stable this time, bottoming out and buying the dip The total ETF market cap has broken 100 billion, institutional investment in this wave is real The 25.5 billion outflow from GBTC, what’s the point of that? Wait, only 6.5% of spot ETFs? There’s still room to grow How did Grayscale fall to this point? Once a leader Fidelity secretly taking a bite, the gap is getting a bit big Nearly 50 billion in net inflows, it seems institutions are still optimistic GBTC with a gaping mouth of blood, how much distrust does that show? It just means the market is voting with its feet

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TommyTeacher

· 8h ago

GrayScale really underperformed. With this 25.5 billion loss, can they bounce back?

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GasFeeCrying

· 8h ago

Grayscale's iron-blooded approach is really disappointing; losing 25.5 billion is truly a blow. FBTC is truly the real deal; Fidelity understands what investors want. The spot ETF market is getting bigger and bigger; institutions really treat this as standard. How did Grayscale end up like this... once the top dog. A net inflow of 57.3 billion is not fake, indicating that the spot market really has demand. Fidelity is earning steadily, while Grayscale keeps plunging; this is what we call a gap. All the money has flowed into FBTC; Grayscale's hand is really played out. The 6.51% share may seem small, but this growth rate is terrifying. If this continues, Grayscale will become a negative example, haha. Spot ETFs are the way to go; junk products are a dead end.

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GasGuzzler

· 8h ago

GrayScale is going down, with 25.5 billion flowing out, which is outrageous.

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ForkItAll

· 8h ago

Grayscale is about to be completely taken over by Fidelity.

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SchrodingerWallet

· 8h ago

Grayscale is really hopeless this time, with 25.5 billion running away, bro. FBTC is crushing GBTC, Fidelity's move is really brilliant. The volatility is so intense that I don't even dare to move my positions. With so much outflow, it indicates that big players are dumping... Institutions are voting with their feet; the divergence is too obvious.

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