On January 29, both BlackRock and Fidelity spot Bitcoin ETF inflows exceeded Grayscale outflows.

According to on-chain analyst Ember, based on the inflow/outflow of spot Bitcoin ETF funds on January 29, it is expected that approximately 14,800 BTC (approximately US$638.8 million) will be transferred to each ETF custody address after the US stock market opens on January 30: Among them, the Grayscale GBTC custody address will see an outflow of approximately 4,441 BTC (capital outflows of approximately US$191.67 million on 1/29); the remaining nine ETF custody addresses will see an inflow of approximately 10,359 BTC (capital inflows of US$447 million on 1/29); the overall net inflow is approximately 5,918 BTC (approximately $255.38 million). There has been a net inflow of funds for 2 consecutive days, and the current ten BTC spot ETFs hold a total of approximately 642,202 BTC (approximately US$27.7 billion) in BTC.