fmcpay blackrock and fidelity bitcoin etfs reach top 10 in january flows.jpg

BlackRock and Fidelity Bitcoin ETFs reach top 10 in January flows

In the latest financial headlines, BlackRock And Fidelity Bitcoin ETFs have made waves by achieving top 10 positions in January flows, signaling a notable surge in investor interest in cryptocurrency-related financial instruments. Simultaneously, FTX is pursuing court approval for the accelerated sale of 8% Anthropic shares. This move reflects the company’s strategic maneuvers in the market.

BlackRock and Fidelity Bitcoin ETFs reach top 10 in January flows

BlackRock’s iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin ETF landed eighth and tenth place among all ETFs in January by largest flows.

BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin ETF (FBTC) have recorded substantial flows in January, amounting to around $4.8 billion.

IBIT secured the eighth position with an estimated $2.6 billion in net flows, while FBTC claimed the tenth spot with $2.2 billion in net flows, as reported in a February 3rd report by Morningstar research analyst Lan Anh Tran, using data approximated from the issuers’ websites.

Contrastingly, the Grayscale Bitcoin Trust (GBTC) experienced the second-highest outflows among ETFs in January, with an estimated $5.7 billion exiting the fund during the month.

Nate Geraci, the president of investment advisory firm ETF Store, expressed surprise at the developments, stating, “Never thought I’d see the day,” in an X post sharing the data.

In a separate X post, Nate Geraci mentioned that BlackRock and Fidelity’s funds are engaged in a “clear two-horse race” among the nine new Bitcoin funds. He noted that the joint ETF from ARK Invest and 21 Shares, as well as Bitwise’s funds—both with assets under management below $650 million—were emerging as a “strong middle class,” predicting they would reach $1 billion in assets in the “not too distant future.”

Morningstar’s report coincided with U.S. spot Bitcoin ETFs experiencing six consecutive days of net positive inflows, totaling nearly $715 million. The majority of these inflows were attributed to BlackRock and Fidelity’s funds, according to data posted to X on Feb. 3 by BitMEX Research.

During the trading days from Jan. 26 to Feb. 2, flows into the nine new spot Bitcoin funds surpassed the ongoing outflows from Grayscale’s, which slowed over the week. Grayscale Bitcoin Trust (GBTC) had its second-lowest outflow day on Feb. 2 at $144.6 million.

The six-day streak of inflows into U.S. spot Bitcoin ETFs followed four days of outflows between January 22 and 25, during which GBTC outflows peaked, resulting in a net outflow of $431.8 million across the ten ETFs.

Bloomberg senior ETF analyst Eric Balchunas noted in a February 3 X post that it was remarkable to see the nine ETFs, excluding GBTC, “comeback from that dip last week.” He commented that typically, there’s a slow decline after a big-hyped launch, and the net inflows into the funds during their third week of trading demonstrate that these ETFs have staying power.

FTX Seeks Court Approval for Expedited Sale of 8% Anthropic Shares


Cryptocurrency exchange FTX, which filed for bankruptcy in November 2022, is actively pursuing the liquidation of its most substantial remaining illiquid asset. This asset comprises an 8% stake in the AI startup Anthropic, a project in which FTX had previously invested. The exchange currently holds a significant number of Anthropic shares valued at up to $500 Million.

In a strategic move led by the new CEO, John Ray III, FTX, currently undergoing bankruptcy proceedings since November 2022, has petitioned the court for approval to expedite the sale of its 7.84% stake in Anthropic. This request is accompanied by another motion, urging the court to shorten the review time, with the next hearing scheduled for February 22. The court’s deadline to issue objections is set for February 15.

FTX’s legal team emphasizes the proposal to sell Anthropic shares through an auction or private sale, aiming to keep the pricing confidential and maximize returns for the debtor. The 7.84% stake in Anthropic, valued at approximately $1.4 Billion based on the latest valuation of Anthropic at $18 Billion in December 2023, serves as a potential beacon of hope for the victims affected by the scandal that rocked the world.

Anthropic, an artificial intelligence company founded by former OpenAI employees, competes significantly with organizations such as ChatGPT. Despite FTX’s current financial challenges, the substantial value of its Anthropic shares presents an opportunity for recovery and fulfilling commitments made in recent statements to revive the platform. FTX has expressed its dedication to fully repaying customers and creditors.

In recent times, FTX has shown signs of financial resilience, with increased cryptocurrency sales, augmented cash reserves, and reports of selling $1 Billion worth of GBTC shares to support the user compensation plan. These initiatives are integral to FTX’s broader strategy for financial rehabilitation and rebuilding trust within the cryptocurrency community.



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