Bitcoin ETF Trading Remains Strong: According to Bloomberg analysts, trading volume for Bitcoin spot ETFs in the US remained strong, crossing $2 billion on January 22. The Grayscale Bitcoin Trust (GBTC) still commands over half of the market share with $1.013 trillion.

Fidelity Closes in on BlackRock: Trading volume for the Fidelity Bitcoin Fund has surpassed the iShares Bitcoin Trust from BlackRock for the second consecutive day. This is a notable development, suggesting that investors are beginning to allocate capital across multiple Bitcoin ETFs.

GBTC Shares Resources: Bloomberg estimates that about 35% of the net outflows from GBTC have flowed into the other 9 Bitcoin spot ETFs. This suggests that investors are seeking diversification in their Bitcoin portfolios.