Spot Bitcoin ETFs in the US See Inflows After Briefly Surpassing $100,000

Spot Bitcoin exchange-traded funds (ETFs) in the United States have seen a return to inflows on January 15, following a brief surge above $100,000 in response to the release of the U.S. December Consumer Price Index data.

Net Inflows and Trading Volume

According to available data, the 12 spot Bitcoin ETFs recorded a net inflow of $755.01 million on January 15, breaking a four-day outflow streak that saw over $1.2 billion exit the funds. The total trading volume for these ETFs was $3.18 billion, significantly higher than the $2.23 billion recorded the previous trading day.

Leading the Inflows

The majority of the inflows came from Fidelity’s FBTC, which attracted $463.08 million, its highest net positive flow since March 7 of last year. ARK and 21Shares’ ARKB followed with an inflow of $138.81 million, a substantial increase from the previous day’s modest inflow of $2.89 million. Other notable inflows included:

  • Grayscale’s GBTC: $50.54 million
  • Biwise’s BITB: $32.69 million
  • BlackRock’s IBIT: $31.86 million
  • VanEck’s HODL: $16.98 million
  • Grayscale Bitcoin Minit Trust: $13.69 million
  • Invesco Galaxy’s BTCO: $4.47 million
  • Franklin Templeton’s EZBC: $2.9 million

Bitcoin’s Brief Surge Above $100,000

The significant inflows into Bitcoin ETFs were accompanied by a brief surge in the price of Bitcoin, which reached a daily high of $100,702 on January 16. This increase was part of a broader market rally that saw the total market capitalization rise to $3.63 trillion.

U.S. Consumer Price Index Report

The surge in Bitcoin’s price followed the release of the U.S. December Consumer Price Index report, which showed a 0.4% month-on-month increase in headline CPI and a 2.9% annual increase. Core CPI, a key inflation indicator, rose 0.2% month-on-month, with an annual rate of 3.2%, signaling a positive trend in underlying inflation.

Ethereum ETFs Also See Inflows

In addition to Bitcoin ETFs, the nine Ether ETFs also recorded a surge in inflows on January 15, with $59.78 million flowing into the funds. Fidelity’s FETH led the pack with an inflow of $29.32 million, followed by BlackRock’s ETHA with an inflow of $19.85 million.

At press time, Bitcoin was still up 2.5% over the past day, exchanging hands at $99,359 per coin, while Ethereum was up 4.2% over the past day, trading at $3,366.

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