🌎 Bitcoin ETFs See $1.3 Billion Inflow Amid Price Surge

Spot Bitcoin ETFs See Inflows Amid Bitcoin’s Surge Above $100,000

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded inflows on January 16, as Bitcoin solidified its position above $100,000 ahead of President-elect Donald Trump’s inauguration ceremony.

Bitcoin ETFs Attract Over $1.3 Billion in Two-Day Inflow Streak

The 12 spot Bitcoin ETFs recorded $626.15 million in inflows on Thursday, extending their inflow streak for the second consecutive day. This brings the total inflows during this period to over $1.3 billion.

BlackRock’s IBIT Leads Inflows with $527.87 Million

BlackRock’s IBIT attracted the lion’s share of inflows yesterday, drawing in $527.87 million from investors. The asset manager’s spot Bitcoin ETF currently holds $56.22 billion worth of Bitcoin, representing approximately 2.64% of the asset’s total supply.

Other notable inflows came from:

ARK and 21Shares’ ARKB with an inflow of $155.44 million
VanEck’s HODL with an inflow of $5.68 million
Fidelity’s FBTC with an inflow of $4.39 million
Bitwise’s BITB with an inflow of $2.74 million

Grayscale’s GBTC Sees Outflow, While Other Funds Record No Movement

Grayscale’s GBTC was the only Bitcoin ETF to buck the trend, with the fund experiencing an outflow of $69.97 million on the day. The remaining six Bitcoin ETFs saw no movement during the day.

Total Trading Volume for Bitcoin ETFs Reaches $2.74 Billion

The total trading volume for the 12 Bitcoin ETFs was $2.74 billion on January 16, significantly lower than the $3.18 billion recorded the previous trading day.

Bitcoin’s Surge Above $100,000 Amid Regulatory Optimism

The inflows were recorded as Bitcoin briefly surged past $102,000, solidifying its position above $100,000. This occurred amid a broader market bull run fueled by expectations that the incoming administration would adopt a more favorable regulatory stance toward digital assets.

“The self-proclaimed crypto-friendly President has also announced plans to make cryptocurrencies a national priority and has considered creating a government strategic stockpile of Bitcoin.”

At press time, Bitcoin was still up 2%, exchanging hands at $101,408 per coin.