In a notable shift within the Bitcoin Exchange-Traded Fund (ETF) landscape, Fidelity's FBTC ETF has consistently garnered significant net inflows of at least $100 million every trading day, according to BitMEX Research. On the eleventh trading day since its launch, FBTC ETF achieved a significant milestone with a $14.8 million net inflow, marking the first daily inflow since January 19.

BitMEX Research reports that this comes as Grayscale's GBTC witnessed a moderation in outflows, with a recorded outflow of $255 million, the lowest since January 11. However, GBTC's total outflows continue to remain substantial, standing at over $5 billion. Prior to the ETF's launch on January 11, GBTC held around 621,000 BTC. Recent data from Glassnode reveals that the fund's Bitcoin balance has decreased to approximately 506,000 BTC, indicating a reduction of almost 20% since the ETF's inception.

In the midst of this shifting landscape, BlackRock's IBIT has emerged as a beneficiary, registering net inflows of $87 million on January 26, bringing its total to $2.2 billion, according to BitMEX Research. Adding to the positive trend, Fidelity's FBTC ETF logged another net inflow of $100 million, taking the firm's total inflows to $1.9 billion.

Overall, the cumulative net inflows from all these ETFs now stand at $759.4 million, as reported by BitMEX Research. This suggests a notable shift in investor sentiment, with Fidelity's FBTC ETF continuing to attract substantial inflows on a daily basis.

The Bitcoin ETF landscape is witnessing dynamic changes as institutions and investors explore different options. While Fidelity's FBTC ETF maintains its strong inflow momentum, Grayscale's GBTC experiences a moderation in outflows. These shifts reflect a changing preference among investors, with BlackRock's IBIT also gaining positive momentum.

As the market continues to evolve, observers and industry experts will closely monitor the performance of different ETFs and their influence on the overall Bitcoin ecosystem.