Grayscale and Purpose Bitcoin Buck Trends: Massive Outflows Amidst $1.2 Billion Crypto Surge

In the recent financial assessment, the digital asset market saw a substantial net inflow of $1.2 billion. Grayscale, however, stood out with outflows reaching $579 million, contrasting the overall trend of net inflows. K33 Research reports new ETF net inflows at around 17,619 BTC, while outflows from GBTC and futures ETFs total 19,000 BTC.

Anomaly in Grayscale

Amidst the significant net inflow, Grayscale experienced an anomaly, witnessing outflows of $579 million, making it an outlier in the sea of net inflows.

Purpose Bitcoin ETF's Consecutive Outflows

The Purpose Bitcoin ETF, based in Canada, faced consecutive outflows, with over 4,000 BTC leaving the fund between Jan. 11 and 12. This marks the second-highest outflow in a year, following a period of substantial inflows around October and November, indicating a potential anticipation of the ETF trend.

Impressive Debut for Spot ETFs

Spot ETFs recorded an impressive debut, spearheaded by BlackRock, with an aggregate inflow of $1.2 billion. It's noteworthy that this total inflow encompasses all crypto flows per provider, extending beyond spot ETFs.