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DeepSeek Launch Leads to Outflows from Spot Bitcoin ETFs

DeepSeek Launch Leads to Outflows from Spot Bitcoin ETFs

HappyCoinNewsHappyCoinNews2025/01/29 07:33
By:HappyCoinNews

On January 27, 12 Bitcoin ETFs saw outflows of $457,48 million, ending a seven-day period of inflows. During that time, ETF More than $4,2 billion was received.

According to the SoSoValue platform, the largest outflow of funds in a day was observed from FBTC Fidelity - $268,59 million. Bitcoin - Grayscale's GBTC fund lost $108,47 million. From Bitwise's BITB and ARKB ARK Invest and 21Shares investors withdrew $88,57 million and $50,11 million, respectively. HODL VanEck reported a more modest outflow of $5,68 million.

DeepSeek Launch Leads to Outflows from Spot Bitcoin ETFs image 0

The only bitcoin ETF , which recorded an influx of capital, was BlackRock's IBIT. On Monday, January 27, the fund attracted about $63,94 million, bringing its total inflow to almost $40 billion. The other six Bitcoin - funds indicators zero inflow of funds.

On January 27, the total trading volume of BTC- ETF amounted to $4,8 billion, which is much more than the $3,65 billion recorded the day before.

Outflow of funds from Bitcoin -funds occurred against the backdrop of the flagship cryptocurrency falling from $105,000 to an intraday low of $97,855. The main reason for the collapse was the launch of the DeepSeek app, a Chinese competitor Chat GPT . Analysts say it could pose a threat to US dominance in AI.

EN @happycoinnews
EN @happycoinnews_en
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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