Bitcoin Spot ETFs Experienced a $681M Net Outflow Last Week, Fidelity's FBTC Leads with $481M Exit

According to a January 12 PANews report citing SoSoValue data, Bitcoin spot ETFs experienced a net outflow of $681 million during the previous trading week (January 5 to January 9, Eastern Time in the U.S.). The top-performing Bitcoin spot ETF in terms of net inflow last week was BlackRock's IBIT, which recorded a net inflow of $25.86 million. The cumulative net inflow for IBIT now stands at $62.41 billion. The largest net outflow last week was from Fidelity's FBTC ETF, with a net outflow of $481 million. The cumulative net inflow for FBTC is currently $11.72 billion. Grayscale's GBTC ETF followed as the second-largest net outflow, with a net outflow of $172 million. The cumulative net outflow for GBTC has now reached $25.41 billion. As of the time of the report, the total net asset value of Bitcoin spot ETFs was $116.86 billion, with the ETF net asset ratio (ETF market value as a percentage of Bitcoin's total market value) reaching 6.48%. The cumulative net inflow into Bitcoin spot ETFs since inception has now reached $56.4 billion.