On January 6th, U.S.-based Bitcoin exchange-traded funds attracted approximately $1 billion in investments, as the price of Bitcoin rebounded to around $102,000.
Based on figures from SoSoValue, Bitcoin ETFs occupied 12 positions recorded a combined inflow of approximately $987.06 million on Monday, marking the second consecutive day with inflows. Over these two days, each day saw over $900 million in investments, adding up to nearly $1.89 billion in total.
Inflow surges during the latest period almost balanced out the decreased interest seen from mid-December onwards, when ETFs faced around $1.9 billion in total withdrawals between December 19 and January 2.
On Monday, January 6th, Fidelity’s FBTC fund received the largest inflow at approximately $370.24 million, followed by BlackRock’s IBIT and ARK 21Shares’ ARKB funds, which each attracted around $209.08 million and $152.92 million from investors respectively.
As a researcher examining market trends, I noticed that Biwise’s BITB and Grayscale’s spot Bitcoin ETFs, represented by tickers GBTC and BTC, significantly boosted the overall positive momentum in the market. The GBTC recorded an inflow of approximately $75.23 million, while the BTC saw inflows of around $73.79 million and $71.19 million respectively.
On that particular day, VanEck’s HODL, Franklin Templeton’s EZBC, and Valkyrie’s BRRR experienced more subdued inflows totaling approximately $17.33 million, $8.88 million, and $8.38 million respectively. Meanwhile, the other three Bitcoin ETFs remained unchanged or neutral.
On January 6th, the total daily trading volume for these investments reached a staggering $3,960,000,000 – a significant increase compared to the $2,590,000,000 traded the day before.
On Monday, a significant increase in incoming flows was observed as Bitcoin persisted in its ascension, eventually breaking through the $102,000 threshold. This milestone sparked renewed excitement and boosted demand for Bitcoin Exchange Traded Fund (ETF) products among institutional investors.
In December last year, U.S. Bitcoin ETFs saw exceptional growth, adding roughly 51,500 Bitcoins – a significant increase of about 272% compared to the 13,850 newly minted coins for that month. This surge was primarily driven by robust trading activity in the spot market, pushing the value of Bitcoin to an unprecedented high of $108,135 on December 17, as per data from crypto.news.
At press time Bitcoin (BTC) was exchanging hands at $101,674 up 2.2% over the past 24 hours.
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2025-01-07 11:11