Interest in the much anticipated spot Bitcoin ETFs appears to be cooling, with Wednesday marking the group’s lowest single-day of investor gross inflows since trading began on Jan. 11.
The nine new funds received about $270 million in inflows yesterday, according to a report from JPMorgan Chase & Co. Once outflows from Grayscale Investment’s spot Bitcoin ETF are taken into account, overall net net outflows were about $153 million on Wednesday, It’s the third consecutive day of net outflows for the 10 funds. Outflows have come exclusively from GBTC, which converted from a trust following the US Securities and Exchange Commission’s approval of the investment vehicle.
