The flow of funds into Bitcoin ETFs indicates a negative trend for the first time since their launch.

Outflows from Grayscale’s GBTC have stayed elevated, while inflows for the other funds collectively have decelerated. Data from Bloomberg Intelligence analyst James Seyffart reveals that the 10 spot bitcoin ETFs, including GBTC, experienced a net outflow of $158 million on Wednesday. Although daily flows can be volatile, figures from issuers’ websites show a total bitcoin holding of approximately 649,000 across all spot ETFs (including GBTC) as of Jan. 24, compared to over 660,000 a week earlier, indicating a decline of around 11,000 tokens.

GBTC was the sole fund to register negative flows during the week, witnessing a decrease in its total bitcoin in trust from 592,098 to 523,516.

Among the remaining nine funds, BlackRock’s IBIT and Fidelity’s FBTC stand out, each now holding over 40,000 bitcoins as of Jan. 24, compared to 20,000-25,000 a week ago. Both funds are also nearing $2 billion in assets under management.

Despite a recent slowdown, net inflows for the 10 spot ETFs, which debuted on Jan. 11, remain substantial. Bloomberg’s Eric Balchunas calculated total dollar inflows of $824 million since launch, equivalent to a net addition of about 17,000-20,000 bitcoins.

SEO Description: Explore the latest trends in Bitcoin ETF flows, with outflows at Grayscale’s GBTC and a slowdown in inflows for other funds. Discover key statistics on total bitcoin holdings, notable funds like BlackRock’s IBIT and Fidelity’s FBTC, and the overall market dynamics.