BlackRock and Fidelity’s spot Bitcoin ETFs have made it to the list of the largest inflows among ETFs in January.
According to a February 3rd report from Morningstar research analyst Lan Anh Tran, BlackRock’s iShares Bitcoin Trust (IBIT) had an estimated net inflow of $2.6 billion, securing the 8th position. Meanwhile, Fidelity Wise Origin Bitcoin ETF (FBTC) claimed the 10th spot with a net inflow of $2.2 billion. Tran used approximate data from the issuing organizations’ websites.
The data also revealed that Grayscale Bitcoin Trust (GBTC) had the second-highest outflows among ETFs in January, with an estimated $5.7 billion exiting the fund during the month.
“Two spot Bitcoin ETFs made it into the top 10 ETFs in January… I never thought I’d see the day,” wrote Nate Geraci, President of ETF Store, in a post on X.
Morningstar’s report comes as US spot Bitcoin ETFs recorded six consecutive days of positive net flows, totaling nearly $715 million, primarily driven by funds from BlackRock and Fidelity, according to data posted on X on February 3rd by BitMEX Research.
The trading days from January 26th to February 2nd witnessed inflows into nine new spot Bitcoin ETFs surpassing outflows from Grayscale.
This development underscores the increasing popularity of Bitcoin ETFs and their impact on the cryptocurrency investment landscape.