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Bitcoin ETFs See $697 Million Inflow, Largest Since October 2025
- On January 5, US spot Bitcoin ETFs recorded $697 million in net inflows, marking the strongest single day since October 2025.
- BlackRock's IBIT ETF led with a $372 million inflow, while Fidelity’s FBTC saw $191 million.
- This surge follows a difficult quarter for Bitcoin, which dropped to $85,000 at the end of 2025. December saw minimal ETF inflows.
Bitcoin is currently trading around $93,800. It remains below the cost basis of coins moved 6-12 months ago, indicating potential downside risk if it fails to rise above this level.
- Analysts suggest that breaking the $100,000 mark could signal a bullish trend, but rejection could maintain the downtrend.
- On-chain data from Glassnode reveals a shift with more coins in profit and a reduction in unrealized losses.
Glassnode notes Bitcoin is transitioning from a correction phase to consolidation, with ETF flows and institutional interest increasing, although on-chain demand is still slow.