The United States is the largest home to over 3000 ETF funds according to 2023 data.

Spot ETFs from Fidelity and BlackRock had the highest January inflows and now amount to a total of $4.8 billion, just the beginning, and will surely strengthen their positions in the coming months.

On the other hand, the Grayscale Bitcoin Trust (GBTC) had the second-largest outflow, with an estimated net outflow of around $5.7 billion from the fund during the first month of 2024, which is the reason for the current price of bitcoin, which could experience new highs once their sell-off ends. If not during this year, then certainly in 2025.

This report from Morningstar comes during a period when ETF funds have recorded 6 consecutive days of net positive inflows totaling over $700 million.

Inflows from new ETF funds have exceeded the long-term outflows of GBTC, so the turning point is already here, and expectations are high.