Bitcoin ETF Flows Show Negative Trend For First Time Since Launch

According to data collected by Bloomberg Intelligence analyst James Seyffart, the 10 spot bitcoin ETFs (GBTC included) saw a net outflow of $158 million on Wednesday. Day-to-day flows can, of course, be mercurial. Numbers compiled by CoinDesk from the issuers’ websites shows total bitcoin held by all of the spot ETFs (GBTC included) as of Jan. 24 of about 649,000 versus more than 660,000 a week earlier, a decline of roughly 11,000 tokens.