Nearly $200M worth of BTC flows into Fidelity and Bitwise ETF custody addresses

According to on-chain analyst Yu Jin, as Grayscale Trust's BTC outflows occur, other ETF custodial addresses are flowing in:

3,957 BTC ($154 million) was transferred to Fidelity BTC (FBTC) custodial address 1 hour ago. Corresponding to a net inflow of $158.9 million on 1/22;

Bitwise BTC (BITB) custodial address received 1,036 BTC ($40.05 million) from market maker Flow Traders 50 minutes ago. Corresponding to a net inflow of $41.56 million on 1/22.