Data: The total net inflow of funds in the spot Bitcoin ETF market has reached 1.2 billion dollars

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas pointed out that despite GBTC experiencing a $590 million outflow on Friday, the market performance led by the "Newborn Nine" (referring to the nine newly launched Bitcoin spot ETFs) remains strong. These new ETFs achieved a net inflow of $623 million on that day, setting the third-best record. Among them, BlackRock's IBIT and Fidelity's FBTC both saw inflows exceeding $200 million, while BTCO and HODL also achieved their best results to date. Currently, the total net inflow has reached $1.2 billion, and the assets under management (AUM) of the new ETFs have grown to $4 billion, compared to a cumulative net outflow of $2.8 billion for GBTC, with the new ETFs' share of total AUM increasing to 14%.

Balchunas noted that while some believe that part of the outflow from GBTC may have gone to these new ETFs, in reality, most of the outflow likely comes from FTX and discount arbitrage traders, rather than directly flowing into the new products. Additionally, the flow of funds corresponds almost perfectly to the size of each company, indicating that this new liquidity is more a result of market coverage, distribution strategies, and proactive management.