Spot Bitcoin ETFs Record Staggering $4.7 Billion In Seven-Day Inflow Streak — Details
January 26 2025 - 6:30AM
NEWSBTC
The spot Bitcoin ETFs (exchange-traded funds) have picked up from
where they left off in 2024, enjoying increased attention from
investors in the new year. This positive sentiment has further
intensified after the recent inauguration of Donald Trump as the
United States president. The US-based exchange-traded funds
continued their impressive streak of capital influx, positive more
than $500 million in net inflows on Friday, January 24.
Unsurprisingly, this positive run of form has been reflected in the
price of the premier cryptocurrency, which has steadied around
$105,000 this weekend. Bitcoin ETFs Register $517 Million Inflow In
One Day According to the latest market data, the US-based spot
Bitcoin ETFs registered a total net influx of $517 million on
Friday, January 24, representing the seventh consecutive day the
crypto investment products have experienced a net capital inflow.
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Bitcoin Fund (with the ticker FBTC) led the group with an inflow of
over $186 million. With strong performances in the past few weeks,
the fund has continued to consolidate its position as the
second-largest BTC ETF. ARK 21Shares Bitcoin ETF(with the ticker
ARKB) came in second place, with a total inflow of roughly $169
million to close the week. Meanwhile, BlackRock’s iShares Bitcoin
Trust (with the ticker IBIT) followed in third, adding more than
$155 million in value on the day. Other Bitcoin ETFs with a
positive single-day performance included Grayscale Bitcoin Mini
Trust (BTC) and WisdomTree Bitcoin Trust (BTCW), with $13 million
and $2.79 million, respectively. Bitwise Bitcoin ETF (BITB) was the
only exchange-traded fund that posted an outflow on Friday,
withdrawing $8.6 million in value. Nonetheless, this $517 million
single-day performance brought the US-based Bitcoin ETFs’ weekly
record to $1.76 billion. Meanwhile, it extended the current streak
of positive inflows to seven days, with the exchange-traded funds
drawing $4.7 billion in capital within this period. Bloomberg ETF
expert said in a post on X: The spot bitcoin ETFs quietly on fire
to start year, with $4.2b in flows which is 6% of all ETF flows.
Now at +$40b net since launch with aum at $121b and return of 127%.
For context they just passed ESG ETFs in assets ($117b) and have
about same as gold spot. Bitcoin Price Overview The recent steady
capital influx might have translated to the Bitcoin price staying
afloat despite the recent uncertainty clouding the market. As of
this writing, the premier cryptocurrency is valued at around
$104,500, reflecting no significant movement in the past 24 hours.
Related Reading: Bitcoin Realized Cap Hits $832 Billion Milestone
As $100K Inflows Begin To Slow Featured image from iStock,
chart from TradingView
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