On January 2, 2024, the U.S. Bitcoin ETFs experienced a net decrease of 1,658 BTC in total holdings, reflecting mixed flows across various funds, amounting to an approximate market value decrease of $181.1 million.

Fidelity’s Bitcoin ETF (Ticker: FBTC) showcased strong positive movement, receiving an inflow of 393 BTC, indicating increased investor interest or strategic positioning early in the year. Similarly, Bitwise’s Bitcoin ETF (Ticker: BITB) and Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO) recorded net inflows of 85 BTC and 9 BTC respectively, suggesting modest buying activity.

In contrast, Grayscale’s GBTC (Ticker: GBTC) saw a significant net outflow of 1,436 BTC, which was the largest drop among the ETFs. This substantial decrease, along with Grayscale’s BTC fund (Ticker: BTC), which also saw a decrease of 337 BTC, suggests a shift away from Grayscale’s offerings at the start of the year. ARK’s Bitcoin ETF (Ticker: ARKB) and BlackRock’s IBIT (Ticker: IBIT) also experienced outflows of 122 BTC and 250 BTC respectively, indicating some reallocation by investors.

VanEck’s HODL (Ticker: HODL), Valkyrie’s BRRR (Ticker: BRRR), and Franklin Templeton’s EZBC (Ticker: EZBC) reported no changes in their holdings.

Overall, the day was marked by a combination of inflows and outflows across the ETFs, leading to a net decrease in holdings to 1,121,808 BTC. The start of the year showed investor recalibration across several major Bitcoin ETFs.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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