Chain News Daily Today TheBitTimes.com

Net inflow s into spot Bitcoin (BTC) ETFs on the fourth day after launch approached $3 billion. According to BitMEX Research data released on Jan. 18, 4-day net inflow s into Bitcoin spot ETFs (excluding GBTC) totaled $2.9 billion. Among these 11 ETFs, BlackRock, Fidelity, and Bitwise eclipsed the list of inflow s, ranking among the top three ETF service providers in the trade sphere. The Fund received $1.085 billion, $884 million, and $375, respectively. Cointucky Derby – Day 4 Flow – CHART After 4 days of spot Bitcoin ETFs. There is over $2.9 billion of total inflow (excluding GBTC) The top three providers after four days by inflow : 1. Blackrock $1,085m 2. Fidelity $884m 3. Bitwise $375m Still waiting for GBTC day 4… pic.twitter.com/Q8bBiVN0nM — BitMEX Research (@BitMEXResearch) January 18, 2024 At the same time, according to another report published later, in four days, the GBTC fund attracted $458 million and $1.6 billion of outflow. Bitcoin Spot ETFs ...

Kevin O’Leary, renowned investor and star of the TV show “Shark Tank,” has doubts about Bitcoin (BTC) exchange-traded fund (ETF) investments. While spot Bitcoin ETFs are viewed as a milestone for the U.S. crypto industry, O’Leary sees little value in participating in the frenzy. In a recent statement on Fox Business, O’Leary emphasized his position as a long-term Bitcoin holder and expressed skepticism about investing in BTC ETFs. He argued against purchasing ETFs, stating that as a purist and just holding Bitcoin for the long term, he would never buy an ETF, as It is completely unnecessary, and they add no value to him.   One of his concerns is about the fees imposed by ETF issuers, which he perceives as lacking value for a long-term Bitcoin investor like himself. O’Leary also expressed doubt about the survival of all 11 recently approved Bitcoin ETFs by the SEC, anticipating that only a select few, notably those backed by industry giants like ...