Bitcoin ETF Cools Down? Net Inflows Interrupted for 17 Consecutive Days, Welcoming First Net Outflow in Recent Times.

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Bitcoin ETF Momentum Slowing Down? Recent Net Outflows
Grayscale Actively Transitioning, Submitting Privacy Coin ETF
Bitcoin ETF Momentum Slowing Down? Recent Net Outflows
According to BitMEX Research and Farside Investors data, Bitcoin ETF experienced net outflows of $79.9 million on January 25th, followed by another net outflow of $35.7 million, interrupting the 17-day streak of net inflows.
In comparison, the average net inflows of the 5 trading days before February 16th were approximately 7,000 bitcoins, worth about $454 million.
The majority of the net outflows still came from Grayscale’s GBTC, with approximately 3,877 bitcoins being withdrawn.
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BlackRock’s IBIT and Fidelity’s FBTC continued to be the main inflow contributors, with a combined increase of nearly 3,000 bitcoins.
Grayscale Actively Transitioning, Submitting Privacy Coin ETF
It was expected that Grayscale would transform all of its closed-end funds into ETFs, but it was unexpected that they would first submit an application for a privacy coin like ZEC instead of a major competitor.
However, Nate Geraci, co-founder of The ETF Institute, quoted documents suggesting that he believes it is a wise move for Grayscale to expand their ETF product lineup.
Previously reported, Binance and OKEx both chose to delist several privacy coins without specifying the exact reasons.
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Binance delisting privacy coins such as Monero (XMR) and cross-chain bridge coin MULTI, the end of different era narratives
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BitMEX
GBTC
Privacy coins
Bitcoin spot ETF

Further Reading
Bitcoin ETF Sees 14 Consecutive Days of Net Inflows, BlackRock and Bitwise Assets Close Behind GBTC
Genesis Granted Court Permission to Sell Over $1.3 Billion GBTC