On January 14th, Bitcoin-related exchange-traded funds based in the U.S. experienced their fourth straight day of withdrawals, whereas Ethereum ETFs saw an increase in investments.
Based on figures provided by SoSoValue, Bitcoin ETFs saw a total of $209.82 million leaving them on Tuesday, making it the fourth consecutive day of withdrawals. Over $1.2 billion has been withdrawn from these funds during this streak.
On that particular day, most withdrawals were primarily from BlackRock’s IBIT, amounting to $219.48 million, and secondly from Bitwise’s BITB, with a withdrawal of $8.93 million.
WidomTree’s BTCW contributed to the outflows, but also received an influx of approximately $10.24 million, with support from VanEck’s HODL and ARK 21Shares’ ARKB. These two entities experienced inflows worth around $5.46 million and $2.89 million respectively.
WidomTree’s BTCW helped balance the outflows by receiving about $10.24 million, with assistance from VanEck’s HODL and ARK 21Shares’ ARKB, which received influxes of around $5.46 million and $2.89 million respectively.
The remaining BTC ETFs remained neutral on the day.
As an analyst, I noticed a substantial decrease in the total trading volume of the 12 Bitcoin ETFs yesterday compared to the day before. The trading volume on the previous day stood at a robust $3.17 billion, whereas it dropped to $2.23 billion the following day, marking a noticeable decline.
As an analyst, I find it intriguing that this growth is happening concurrently with Bitcoin (BTC) soaring beyond $97,000 to hit a daily peak of $97,705 on January 15, fueled by a market-wide rally that added 1.3% to its value throughout the day, elevating the total market capitalization to an impressive $3.53 trillion.
As a researcher, I observed an unexpectedly modest surge in the inflation figures following the release of a report from the Bureau of Labor Statistics on Tuesday. The report suggested that inflation was cooler than anticipated, with the Producer Price Index, which gauges wholesale inflation, increasing by just 0.2% in December. Initially, economists surveyed by Dow Jones had projected a 0.4% increase.
At press time the BTC was still up 2.3% over the past day exchanging hands at $96,986 per coin.
On January 14th, there was an increase in investment for the nine Ethereum ETFs, signifying the conclusion of a four-day period where approximately $354 million left these funds.
Significantly, on that particular day, investments totaling $1.15 million flowed in exclusively from Bitwise’s ETHW. In contrast, no trading activity was observed for any other Ethereum-based ETFs.
The combined total amount that has flowed into these investment funds currently stands at approximately $2.41 billion. As for now, Ethereum (ETH) is experiencing a 2% increase and can be traded at around $3,228.
Read More
- PYTH PREDICTION. PYTH cryptocurrency
- The Final ‘Gladiator II’ Trailer Has Arrived
- DC’s ‘Clayface’ Movie From Mike Flanagan Lands 2026 Release
- Solana L2 Sonic includes TikTok users in airdrop
- XRP price slips as RLUSD market cap hits $53m, liquidations rise
- Maluma Enters His Loverboy Era With New Single “Cosas Pendientes”
- Smino and Samara Cyn To Hit the Road on ‘Kountry Kousins’ Tour
- Ananya Panday claims ‘its tough being Bhidu’ after working with Jackie Shroff; find out why
- The Vampire Diaries Nina Dobrev Reunited With Co-Stars To Recreate Throwback Photo, And I’m Not The Only One Loving It
- Crypto VC funding roundup: Riot snags over $594m, BVNK raises $50m
2025-01-15 10:16