Bitcoin ETFs Attract Massive Inflows as BTC Surges Past $100k After US CPI Shock

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On January 15th, Bitcoin exchange-traded funds based in the U.S. experienced an increase in investments, as Bitcoin momentarily exceeded $100k, a spike that occurred after the unveiling of the U.S. December Consumer Price Index figures were revealed.

Based on figures from SoSoValue, Bitcoin ETFs occupying the 12th position experienced an inflow of approximately $755.01 million on Wednesday. This marked the end of a four-day trend where these funds saw a total outflow of over $1.2 billion.

On that particular day, it’s noteworthy that the largest contributions to the inflows were made by Fidelity’s FBTC, which saw a net positive flow of $463.08 million – its highest since March 7 of the preceding year when it recorded an even larger inflow of $473.4 million. ARK and 21Shares’ ARKB came in second with a significant increase in inflows, amounting to $138.81 million, marking a substantial jump from the minimal inflow of $2.89 million recorded the day before.

Additionally, seven more Bitcoin ETFs joined the upward trend. Remarkably, all these financial instruments experienced no withdrawals that day, as outlined in the following details:

In addition to this, seven other Bitcoin-based ETFs continued the upward trend, without any of them experiencing redemptions on that specific day, as explained below:

Or simply:

Seven more Bitcoin ETFs followed suit in the positive trend, with none of them experiencing withdrawals on the given day, as shown below:

  • 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.

On January 15th, the combined trading volume for the 12 Bitcoin ETFs reached a substantial increase of $3.18 billion, which significantly outpaced the $2.23 billion traded the day before.

On January 16th, Bitcoin spiked briefly above $100,000, peaking at $100,702, as part of a wider market surge that added 1.6% to its value throughout the day. This daily rise boosted the total market capitalization to an impressive $3.63 trillion.

After the publication of the U.S. December Consumer Price Index report, there was an increase in prices, as predicted. The overall CPI went up by 0.4% compared to the previous month and increased by 2.9% year-on-year. On the other hand, Core CPI, often used as a measure of inflation, grew by 0.2% from the previous month, but its annual rate decreased slightly to 3.2%, lower than the expected 3.3% and last month’s figure of 3.3%. This suggests a promising decline in underlying inflation rates.

Currently, as we speak, Bitcoin (BTC) is experiencing a 2.5% increase over the last 24 hours, with each coin being traded at approximately $99,359.

On January 15th, it’s worth noting that there was a significant increase in investments into the nine Ethereum ETFs, with approximately $59.78 million being poured in, contrasting the minimal $1.15 million inflow observed on the preceding day.

Significantly, Fidelity’s FETH was the top performer with a total of $29.32 million invested, trailed closely by BlackRock’s ETHA which received $19.85 million. The Grayscale Ethereum Mini Trust experienced more modest investments, taking in approximately $8.09 million and $2.53 million respectively.

The combined total amount of money flowing into these investment instruments currently amounts to approximately $2.47 billion. As we speak, Ethereum (ETH) is experiencing a rise of 4.2%, and its current price stands at $3,366.

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2025-01-16 17:38