TechFlow news: CoinShares Research Head James Butterfill posted on X stating that, as of January 16, 2024, total net outflows reached $424 million as investors shifted funds into lower-cost U.S. funds.
Since the launch of spot Bitcoin ETFs, Grayscale's Bitcoin Trust (GBTC) has experienced $1.18 billion in outflows. This week alone, Bitcoin futures ETF (BITO) saw $141 million in outflows.
In contrast, newly launched U.S. spot Bitcoin ETFs have attracted $2 billion in inflows.





