Spot Bitcoin ETFs Achieve $517 Million Inflows on January 24
Spot Bitcoin ETFs have seen increased investor interest in 2024, particularly following Donald Trump's inauguration. On January 24, US-based Bitcoin ETFs recorded over $500 million in net inflows, with the price of Bitcoin stabilizing around $105,000.
Key Highlights
- Bitcoin ETFs registered a net influx of $517 million on January 24.
- This marks the seventh consecutive day of positive capital inflow, totaling $1.76 billion for the week.
- The Fidelity Wise Origin Bitcoin Fund led with over $186 million in inflows.
- ARK 21Shares Bitcoin ETF followed with approximately $169 million.
- BlackRock’s iShares Bitcoin Trust added more than $155 million.
- Grayscale Bitcoin Mini Trust and WisdomTree Bitcoin Trust also saw gains of $13 million and $2.79 million, respectively.
- Bitwise Bitcoin ETF experienced an outflow of $8.6 million.
Bloomberg's ETF expert reported that spot Bitcoin ETFs have attracted $4.2 billion in flows this year, accounting for 6% of all ETF flows. Overall, these ETFs have accumulated $40 billion since their launch.
Bitcoin Price Overview
As of now, Bitcoin is valued at approximately $104,500, showing minimal movement in the last 24 hours.
