Grayscale continues to sell big in Bitcoin spot ETFs: Fidelity closes the gap

Bitcoin spot ETFs, which closed all 5 trading days last week in the negative, spent yesterday uninspiring despite the rise in Bitcoin surpassing $70,000. ETFs completed the day with a net investment of $15.7 million, while Grayscale saw an outflow of $350 million. The net investment of $261 million in Fidelity turned the bad figure of the day into a positive.

Grayscale continues to sell big in Bitcoin spot ETFs: Fidelity closes the gap

Bitcoin spot ETFs closed Monday with a net investment of $15.7 million. In ETFs, which closed last week completely negative, the winner of the day was clearly Fidelity. Fidelity received a net investment of $261 million.

BlackRock was behind this time

BlackRock, which has received the most investment by a large margin so far, closed yesterday with a net investment of $35.4 million. Franklin Templeton received net investments of $20 million, Invesco $18 million and Bitwise $14 million. It was also noteworthy that WisdomTree and ARK Invest did not receive investment.

Grayscale surpassed $2.3 billion!

Grayscale, which closed yesterday with a big exit of $350 million, has surpassed $2.3 billion in total sales in the 6 trading days since last week. Despite such large sales and decreasing inflows to ETFs, the Bitcoin price managed to rise above $70,000 yesterday.

The rise in Bitcoin also positively affected companies in this field. MicroStrategy closed yesterday’s trading day with a 21% increase. Coinbase closed the day at $279 with a 10% increase, while mining companies also completed the day positively.

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