Bitcoin ETFs Experience Positive Performance on Environmentally-Friendly Trading Day
According to data from Sosovalue, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a turnaround as they recovered from a notable outflow by achieving a slight increase of $18.44 million. On a day with minimal trading activity, Blackrock’s IBIT attracted $30.14 million in new investments, while Ark and 21Shares’ ARKB recorded outflows of $11.7 million.
The remaining 10 bitcoin ETFs with a $10,000 minimum investment requirement showed no change, with neither new investments nor withdrawals. On Tuesday, January 28, the total trading volume reached $2.49 billion, and the overall net inflow of funds into these ETFs edged up to $39.5 billion.
Blackrock’s IBIT maintained its inflow of $39.82 billion, significantly outpacing Fidelity’s FBTC, which garnered a cumulative net inflow of $12.77 billion, roughly a third of Blackrock’s total.
ARKB by Ark and 21Shares, BITB by Bitwise, and BTC by Grayscale are the only three ETFs besides that have reached over $1 billion net inflows, managing $2.9 billion, $2.33 billion, and $1.12 billion respectively.
The proportion of bitcoin’s market capitalization held in ETFs was 5.91%, with the combined value of assets in bitcoin spot ETFs reaching $118.62 billion.
There was no trading activity in Ether ETFs on Tuesday, January 28, as there were no investments made or withdrawn from the 9 U.S. spot ether ETFs.
