Bitcoin ETFs Update: Grayscale Reports Outflow, but BlackRock’s IBIT Shines

• BlackRock’s IBIT leads the market with $60.69 billion in net assets and $661.86 million daily inflow.
• The total market value traded reached $5.05 billion, with net assets comprising 5.88% of Bitcoin’s market cap.
• Bitcoin fund prices saw growth, with IBIT, FBTC, and GBTC gaining 1.34%, 1.24%, and 1.29%, respectively.

As of January 21, 2025, SoSoValue update notes that the daily total net inflow reached $802.50 million. The cumulative total net inflow amounted to $38.98 billion, while the total value traded stood at $5.05 billion. Total net assets represented $123.59 billion, equating to 5.88% of Bitcoin’s market cap.

BlackRock Leads the Net Assets

SoSoValue reveals BlackRock’s IBIT as the top contributor, with $60.69 billion in net assets. Fidelity’s FBTC followed with $22.59 billion, and Grayscale’s GBTC held $21.59 billion. These three funds dominated the market, each with significant daily changes in value and inflows.

IBIT registered the highest daily net inflow of $661.86 million, reinforcing its dominance with 63.41 million shares traded. ARKB managed $8.51 million in daily net inflow and traded 1.37 million shares. In contrast, BITB experienced an outflow of $17.41 million despite a positive daily price change.

Market Performance and Fees

The market price for Bitcoin across funds showed varied changes. IBIT’s price rose by 1.34% to $60.42. FBTC and GBTC saw increases of 1.24% and 1.29%, reaching $92.80 and $84.12, respectively. ARKB registered the highest price at $106.08, with a 1.40% gain. Fee structures for funds remained competitive, with IBIT at 0.25% and Grayscale BTC at 0.15%.

Cumulative net inflows highlight IBIT’s $39.07 billion dominance, while GBTC reported a net outflow of $21.65 billion. Other funds, like FBTC and ARKB, demonstrated steady cumulative net inflows of $12.84 billion and $2.80 billion. Overall, market movements displayed stability with incremental value growth across most assets.

Total net assets across listed funds recorded a great amount, representing 5.88% of Bitcoin’s market capitalization. The total trading volume for the day underscored continued market activity.