Coinspeaker
Feb 3, 2025
6 0

US Spot Bitcoin ETFs Record $5.25 Billion in January Inflows

In January, US spot Bitcoin ETFs recorded $5.25 billion in net inflows, marking a 15.89% increase from December's $4.53 billion, according to SoSoValue data.

Key Contributors to ETF Inflows

  • BlackRock’s iShares Bitcoin Trust (IBIT) led with $3.23 billion in inflows, raising total net assets to $59.39 billion.
  • Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $1.28 billion, increasing net assets to $21.76 billion.
  • Optimism exists for continued momentum, with projections of approximately $50 billion in capital flows into Bitcoin ETFs by year-end.

Market Volatility Impacting Prices

  • Despite rising institutional interest, Bitcoin (BTC) price fell 3.76% to around $95,122.
  • Ether (ETH) experienced a larger drop of 15.4%, settling at $2,590.
  • The initial surge in ETF inflows is linked to positive sentiment surrounding Donald Trump's return as president.
  • No significant crypto-focused policy discussions have emerged from the new administration.