According to Bloomberg analyst James Seyffart, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $429.3 million on January 24, which exceeded total inflows to other spot Bitcoin ETFs, which totaled $204.7 million.
As a result, net outflows, excluding the iShares Bitcoin Trust (IBIT), have totaled $224.6 million.
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BitMEX Research reported investors invested $66.2 million in this product on January 24, bringing total net outflows to $158.4 million.
It should be noted that a negative trend has been observed for 3 consecutive days. However, the value has been positive for the last 9 days, standing at $824.4 million.
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