Fidelity Bitcoin ETF rakes in reported $208M, offsetting Grayscale outflows alone

Outflows from Grayscale’s Bitcoin fund slowed for the fifth day in a row, while Fidelity’s spot Bitcoin ETF saw one of its stronger inflow days since launch.

Fidelity’s spot Bitcoin (BTC) exchange-traded fund (ETF) has reportedly managed to pull in $208 million in daily inflows on Jan. 29, outstripping outflows from Grayscale Bitcoin Trust for the first time outside their launch day.

According to provisional data from Farside Investors, Fidelity’s FBTC raked in $208 million in inflows on Monday, compared to the $192 million outflowed from the GBTC — the lowest daily outflows outside of its re-launch, per BitMEX Research data. 

The latest GBTC outflows mark a nearly 25% drop from $255 million on Jan. 26, and a 70% drop from the fund’s peak daily outflows of $641 million on Jan. 22.

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