Blockchain gossip! 📢 Recently, there have been some interesting changes in the flow of funds into cryptocurrency investment products. As of the close of trading on January 16, 2024, net outflows from cryptocurrency investment products have reached $424 million so far this week, according to James Butterfill, head of research at CoinShares. 😮 The change reflects investors’ shift toward more cost-effective U.S. funds.

Specifically, GBTC has seen $1.18 billion in outflows since the spot-based ETF launched, while the ProShares Bitcoin Strategy ETF (BITO) saw outflows of $141 million this week. Meanwhile, a newly launched U.S. spot Bitcoin ETF has attracted $2 billion in inflows.

It seems that investors are becoming more and more picky about the choice of cryptocurrency investment products, preferring to choose cost-effective investment products. This is undoubtedly a signal worth paying attention to for the cryptocurrency market. 🚩

So, fellow blockchain enthusiasts, what do you think of this phenomenon? Also looking for more cost-effective cryptocurrency investment products? Come and share your opinions in the comment area! 💬 Let us pay attention to the development of the cryptocurrency market and witness the prosperity of the blockchain industry! 🌟