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Noticed an interesting data point: Bitcoin spot ETFs experienced significant capital fluctuations on January 16th, US Eastern Time.
In a single day, the entire market saw a net outflow of $395 million, which is quite substantial. But what's interesting is the uneven flow—BlackRock's IBIT attracted capital against the trend, with a single-day net inflow of $15.0937 million. The total net inflow for this product has already reached $63.441 billion, making it the largest player in the market and clearly more attractive.
In contrast, Fidelity's FBTC saw a single-day net outflow of $205 million yesterday, directly causing a market-wide outflow. Although FBTC's total historical net inflow still stands at $11.916 billion, this single-day outflow reflects a shift in market preferences among different products.
Overall, the total net asset value of Bitcoin spot ETFs is $124.563 billion, accounting for 6.53% of Bitcoin's total market capitalization. This ratio continues to rise, with cumulative net inflows surpassing $57.822 billion, indicating that this type of product has become a mainstream tool for institutional Bitcoin allocation.