According to information shared by BitMEX Research, the net inflow of Bitcoin spot ETFs from seven institutions including BlackRock, Fidelity, and Franklin on the first day of trading was approximately $400 million. Among them, Fidelity had the highest net inflow, reaching $227 million, even surpassing BlackRock.
However, although there was a net inflow of $400 million in a single day, if GBTC is taken into account, it is highly likely to turn negative. According to statistics, the trading volume of GBTC yesterday was about $2.3 billion, and analysts speculate that most of the trades were selling.
