2026-01-21 05:21:05

Yesterday, the Bitcoin spot ETF market experienced significant fluctuations. Overall, the net outflow for the day reached $483 million.

Among them, Grayscale's (Grayscale) GBTC ETF performed the weakest, with a net outflow of $161 million in a single day. The total net outflow of this ETF has accumulated to $25.574 billion, indicating considerable pressure to exit.

Next is Fidelity's (Fidelity) FBTC ETF, which saw a net outflow of $152 million yesterday. However, in the long term, the performance of FBTC remains good — with a total net inflow of $11.764 billion, showing that this ETF still attracts considerable ongoing interest.

As of now, the total net asset value of Bitcoin spot ETFs is $116.735 billion. This scale accounts for 6.51% of Bitcoin's total market capitalization, indicating that traditional financial channels are increasingly allocating to Bitcoin. From a historical cumulative perspective, spot ETFs have accumulated net inflows of $57.339 billion, with participation from institutional and individual investors continuously increasing.

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OnchainGossiper

· 01-21 05:51

Gray's days are getting harder and harder, a net outflow of 25.5 billion is no joke... FBTC can still hold steady, this is the gap. 6.51%? Traditional finance still isn't as aggressive as imagined. Net outflow is net outflow, anyway the main force is eating up the chips. Is this a shakeout after this wave? Looking forward to the subsequent trend. If GBTC drops again, I will laugh... 161 million dollars poured out in one day. Fidelity's move is quite good, a steady and progressive approach. 573 billion in net inflow sounds like a lot, but it's only 6.51%, there's still plenty of room for growth. When will Gray's scythe hit bottom, everyone?

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RugpullSurvivor

· 01-21 05:50

Grayscale is really courting death, with $25.5 billion flowing out... It's truly outrageous. FBTC is the legitimate one; Fidelity understands retail investors' psychology. Spot ETF is only 6.5%, traditional finance is still lollygagging. $500 million outflow isn't a big deal; volatility is normal. ETF net asset value is approaching 120 billion, this number is quite impressive. Grayscale really should reflect on its high fee rates. Does this indicate that big players are still bottom-fishing? I doubt it. FBTC is siphoning off GBTC; ultimately, this race will come down to who has lower fees. $57.3 billion in net inflow; compared to traditional finance, this growth rate isn't very fast. Is it about to run away again? No, I need to stay calm.

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ForkTongue

· 01-21 05:49

Grayscale is crashing hard, with a historical net outflow of 25.5 billion, which is a bit scary. GBTC really needs to reflect on itself; its competitiveness is getting worse and worse. A 6.51% share is still too low; traditional finance is just beginning to enter. Fidelity is still buying in, which shows some people are still optimistic. Did you regret selling yesterday? A net inflow of 57.3 billion indicates that institutions are not fools; this is a long-term bullish move. Is Grayscale committing suicide? Who would use such high fees? Spot ETFs only account for 6.5%, so the potential for growth is huge. Another large outflow—are there any negative news that hasn't been released? FBTC is steadily growing; Fidelity is indeed hardcore.

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SandwichHunter

· 01-21 05:43

Grayscale's recent bloodshed is brutal; how to fill the 25.5 billion gap... FBTC is truly a money-magnet monster; Fidelity's move is indeed well-played. 6.51% is still relatively low; traditional finance is entering the market more slowly than I expected. A net inflow of 57.3 billion sounds like a lot, but when spread across so many ETFs, it's just average. It seems institutions are still on the sidelines, not truly going all in.

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SchroedingersFrontrun

· 01-21 05:42

The outflow of 25.5 billion from GBTC is truly remarkable. Grayscale is essentially squeezing itself. Fidelity is still absorbing, which is a completely different story from Grayscale. Only 6.51% market share so far; traditional finance hasn't really entered the scene yet. With such a large net outflow, where is the bottom? ETF capacity hasn't reached the ceiling yet; there seems to be room for further growth. Grayscale is now in an awkward position, as its dominant status is being eroded.

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SandwichDetector

· 01-21 05:37

Grayscale is bleeding again. When will they fill this 25.5 billion gap? FBTC has stabilized instead. It seems that big investors really trust Fidelity more. A 6.51% share is still too small. Traditional finance is really slow. The institutional entry signals aren't that strong. Are they brewing something? With more days of net outflows, we need to be alert for a wave.

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