Bitcoin Spot ETFs Experience $1.328 Billion Net Outflow This Week, Second-Highest on Record

According to a January 25 report by PANews and data from SoSoValue, Bitcoin spot ETFs experienced a net outflow of $1.33 billion during the trading week (from January 19 to January 23, Eastern Time in the U.S.). The largest net outflow came from BlackRock's Bitcoin ETF, IBIT, which saw a net outflow of $537 million for the week. IBIT's cumulative net inflow to date remains at $62.9 billion. Fidelity's Bitcoin ETF, FBTC, followed with a net outflow of $451 million for the week, while its total historical net inflow stands at $11.46 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $115.88 billion, with the ETF net asset ratio (the proportion of ETF market value to Bitcoin's total market value) reaching 6.48%. The cumulative net inflow into Bitcoin spot ETFs since their inception has now reached $56.49 billion.