Bitcoin ETFs See $700M Net Inflows as BlackRock, Fidelity Gains Offset GBTC Outflows: CoinShares

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Bitcoin focused investment vehicles received more than $700 million in fresh money last week. That's according to new data from coin shares. This comes as inflows to new spot. Bitcoin ETF S offset the abating outflows from Greyscale flagship fund known as G BT C. Blackrock managed I BT C and Fidelity's F BT C are the two clear leaders among the newly issued spot. Bitcoin ETF S those notched 884 million dollars and $674 million in weekly inflows respectively. Both figures were slightly higher than the week before in dollar terms. Meanwhile, investors withdrew about $927 million from G BT C. A notable drop from the previous week's $2.2 billion bleed coin shares. Head of research said in the report that the data quote highlights a significant reduction in momentum of these outflows in recent weeks. End quote. That's a wrap for today's chart of the day. I'm Jen Sani we'll see you next time to unpack more of the data behind top news stories.