Bitcoin Spot ETF: New Contenders Rack Up Over 150,000 BTC As GBTC’s Dominance Falters
Summary
New US spot Bitcoin ETFs, excluding GBTC, have accumulated over 150,000 BTC within 13 days, with net inflows exceeding $1 billion. GBTC's market share has dropped to 36%, while BlackRock's IBIT holds 56,621 BTC, surpassing Canadian ETFs. Fidelity's FBTC follows closely with 51,064 BTC. Grayscale still holds 496,573 BTC, but its market share has declined. Notably, GBTC saw a lower outflow of $192 million on January 29.
