Data: The newly launched Bitcoin spot ETF has attracted $2 billion in inflows

ChainCatcher news, CoinShares Research Director James Butterfill posted on the X platform that as of the week ending January 16, 2024, investors have shifted funds to lower-cost U.S. funds, resulting in a total net outflow of $424 million.

Since the launch of Bitcoin spot-based ETFs, the Grayscale Bitcoin Trust (GBTC) has seen an outflow of $1.18 billion. This week, the Bitcoin futures ETF (BITO) also experienced an outflow of $141 million. Meanwhile, newly issued U.S. spot Bitcoin ETFs have attracted $2 billion in inflows.