Blackrock’s IBIT pulled in the only inflow for the spot Bitcoin ETFs which lost a whopping $284 million yesterday.
IBIT recorded the sole inflow for the day as four Bitcoin ETF funds recorded significant outflows.
The 11 Bitcoin ETFs ended the day on a deficit for the third time in a row mirroring the current downtrend in the general market.
Farside Investors UK revealed that Fidelity FBTC led the outflows for the day losing $113.6 million yesterday.
Ark 21 shares ARKB and Grayscale’s GBTC followed suit recording outflows of $92.4 million and $89.0 million respectively
Bitwise BITB recorded the last and least inflow for the day losing $18.6 million.
The remaining six Bitcoin ETFs recorded no transactions for the day continuing a consistent trend of low investor activity in both Bitcoin and Ethereum ETFs.
Bitcoin surges to $95,513 following recent slump
Bitcoin recently slumped below $90,000 for the first time in a long while causing panic in the market. The crypto asset has retraced from the slump surging as high as $97,000 before settling for $95,513.
The crypto asset is currently exchanging hands for $95,513 surging by 4.5% in the last 24 hours.
The most anticipated event of the month in the crypto industry is less than a week away and analysts are anticipating a volatile market.
Donald Trump’s inauguration ushers in an administration that is heavily Pro crypto and is expected to reflect positively on the price of crypto assets like Bitcoin and other altcoins.