Bitcoin ETFs Historic $10 Billion Sale Lauded by Experts

Analyst Eric Balchunas highlighted the outperformance of Bitcoin ETFs in comparison to traditional ETFs from 2023.

Crypto expert standing on Bitcoins holding ''I love ETF'' sign.
Created by Kornelija Poderskytė from DailyCoin
  • Bitcoin Exchange-Traded Funds (ETFs) have achieved significant sales in the initial days of trading
  • The sales recorded new highs compared to traditional ETFs.
  • Grayscale’s Bitcoin ETF is experiencing a significant outflow of funds.

The approval of Bitcoin Exchange-Traded Funds (ETFs) by the U.S Securities and Exchange Commission (SEC) marked a momentous chapter for the cryptocurrency industry, creating a pathway for substantial inflows from traditional investment giants.

Since their debut, Bitcoin ETFs have captured the attention of the financial world, achieving an unprecedented milestone with billions in trading volume.

Bitcoin ETFs Record New Sales ATH

On Tuesday, January 16, Bloomberg analyst James Seyffart provided insights on the remarkable success of Bitcoin ETFs.


Seyffart applauded the trajectory of the asset class, which has attracted approximately $10 billion in new capital in the three days since launch.

The cumulative gains of the new ETFs surpassed all other entrants of the past year, which only managed to accumulate a combined $450 million in trading volume. ETF analyst Eric Balchunas emphasized the magnitude of the success.

Balchunas further highlighted the outperformance when compared to the 2023 ETFs, spotlighting BlackRock’s $IBIT. The ETF has demonstrated significant market activity, accumulating over $700 million in inflows since its first day of trading. 


This surpassed the best-performing ETF from the 2023 class, which gathered just over $45 million in a similar timeframe, marking a new all-time high for the industry.

While the majority of the launched Bitcoin Exchange-Traded Funds (ETFs) are experiencing inflows, Grayscale’s GBTC bucked the trend, suffering a reversal in fortunes.  

GBTC Records $1.1B Outflow

The anticipated outperformance of Grayscale’s Bitcoin ETF has been met with disappointment, as recent days record significant exit of funds.

As of January 16, an estimated $594 million was recorded, bringing the total outflows from GBTC to $1.173 billion since the shares’ debut.

Bloomberg Analyst James Seyffart asserted that the combined outflow could mark a significant impact on Bitcoin ETFs trajectory on day three, as the $600 million inflows into other Bitcoin ETFs may not be sufficient to offset the substantial outflow from $GBTC.

Grayscale’s GBTC boasts the highest Bitcoin ETF fee rate at 1.5%, which may be a contributing factor to the departure of investors.

On the Flipside

Why This Matters

The surge in funds flowing into Bitcoin ETFs align with expert predictions that an approval will usher in new heights for the industry and set new precedents for the performance of the overall asset class.

Read more on funds inflows into Bitcoin ETFs:
BlackRock & Fidelity Top Bitcoin ETF Inflow: $1B in Two Days 

Stablecoin TrueUSD slips below $1 peg, find out more:
TrueUSD Loses $1 Peg as Binance Outflow Hits $67M in 24H 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.