BitMEX Research: Bitcoin ETF Launches with a Whopping Net Inflow of 400 Million GBP on Day One

BitMEX Research: Bitcoin ETF Launches with a Whopping Net Inflow of 400 Million GBP on Day One

BitMEX Research: Bitcoin ETF Launches with a Whopping Net Inflow of 400 Million GBP on Day One

According to information shared by BitMEX Research, the net inflow of Bitcoin spot ETFs from seven institutions including BlackRock, Fidelity, and Franklin on the first day of trading was approximately $400 million. Among them, Fidelity had the highest net inflow, reaching $227 million, even surpassing BlackRock.
However, although there was a net inflow of $400 million in a single day, if GBTC is taken into account, it is highly likely to turn negative. According to statistics, the trading volume of GBTC yesterday was about $2.3 billion, and analysts speculate that most of the trades were selling.