Bitcoin Spot ETF Records Seventh Consecutive Day of Net Inflow; Grayscale Experiences Outflow

In a new development recorded by SoSoValue, the Bitcoin spot Exchange Traded Fund (ETF) saw a significant net inflow on February 5, amounting to $68.11 million. This marks the seventh consecutive day of net inflow for the Bitcoin spot ETF. However, not all ETFs experienced such inflows. Grayscale ETF GBTC reportedly suffered a net outflow to the tune of $107 million on the same day. Excluding Grayscale, the remaining nine ETFs cumulatively experienced a positive net inflow measuring up to $175 million. Of particular note is the BlackRock ETF IBIT, which alone fetched a substantial single-day net inflow of $137 million. This highlights a considerable investment uptick in the Bitcoin space outside of the Grayscale ecosystem.