🌎 Spot Bitcoin ETFs See $1 Billion Inflows

Spot Bitcoin ETFs in the US See Nearly $1 Billion in Inflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded significant inflows on January 6, as Bitcoin prices recovered to the $102,000 level. According to recent data, the 12 spot Bitcoin ETFs saw inflows of $987.06 million on Monday, marking their second consecutive day of inflows.

Over these two days, the ETFs experienced over $900 million in inflows each day, totaling nearly $1.89 billion. This recent surge in inflows nearly offset the streak of low demand observed in the latter half of December, during which the ETFs experienced approximately $1.9 billion in net outflows between December 19 and January 2.

Leading the Inflows

The inflows seen on Monday, January 6, were led by Fidelity’s FBTC, which saw $370.24 million entering the fund. Other notable performers included BlackRock’s IBIT and ARK 21Shares’ ARKB, which attracted $209.08 million and $152.92 million of investors’ money, respectively.

Biwise’s BITB, Grayscale’s spot BTC ETFs with the tickers GBTC and BTC, also contributed to the positive momentum, recording $75.23 million, $73.79 million, and $71.19 million, respectively. More modest positive flows were seen from VanEck’s HODL, Franklin Templeton’s EZBC, and Valkyrie’s BRRR, which drew in $17.33 million, $8.88 million, and $8.38 million on the day.

Total Daily Trading Volume

The total daily trading volume for these investment products stood at $3.96 billion on January 6, much higher than the $2.59 billion recorded the previous day. The strong inflows experienced on Monday came as Bitcoin continued its upward climb, managing to surge past the $102,000 level, driving fresh enthusiasm and heightened institutional interest in Bitcoin ETF products once again.

Bitcoin Performance in December

Last December was a standout month for spot Bitcoin ETFs in the US, with funds accumulating around 51,500 BTC—approximately 272% more than the 13,850 new coins that entered circulation during the month. Momentum was fueled by strong spot market activity, driving Bitcoin to an all-time high of $108,135 on December 17.

At press time, Bitcoin was exchanging hands at $101,674, up 2.2% over the past 24 hours.

Tips for Investing in Bitcoin ETFs:

Monitor market trends and Bitcoin prices to make informed investment decisions.
Diversify your portfolio to minimize risk.
Stay up-to-date with the latest news and developments in the cryptocurrency market.