Bitcoin exchange-traded funds (ETFs) saw a significant return of inflows on January 15, following a remarkable surge in Bitcoin’s price. The cryptocurrency briefly surpassed $100,000 after the release of the U.S. December Consumer Price Index (CPI) data, drive renewed investor interest in Bitcoin and its related investment products.
According to data from So Value, the 12 spot Bitcoin ETFs recorded a total of $755.01 million in net inflows on January 15. This marked a sharp reversal from the previous four-day outflow streak, during which over $1.2 billion exited these funds. The most notable inflows came from Fidelity’s FBTC, which attracted a substantial $463.08 million — its highest net positive flow since March 7 of the previous year. On that day, it had seen an inflow of $473.4 million.
Following closely behind was ARK and 21Shares’ ARKB, which saw an inflow of $138.81 million. This was a significant increase compared to the modest $2.89 million recorded just a day before. Seven other Bitcoin ETFs also contributed to the positive momentum, including:
The total trading volume for these 12 Bitcoin ETFs reached $3.18 billion on January 15, significantly higher than the $2.23 billion recorded the previous day. This surge in activity indicates a growing optimism among investors regarding Bitcoin’s potential.
The inflows into Bitcoin ETFs coincided with a sharp increase in Bitcoin’s price. On January 16, Bitcoin briefly touched a daily high of $100,702, marking a major milestone as it surpassed the $100,000 mark for the first time in recent history. This surge came as part of a broader rally in the cryptocurrency market, which gained 1.6% on the day, pushing the total market capitalization to $3.63 trillion.
The price spike followed the release of the U.S. December Consumer Price Index (CPI) report, which showed a 0.4% month-on-month rise in headline CPI, in line with expectations. More importantly, the Core CPI — which excludes volatile food and energy prices and is considered a more reliable indicator of underlying inflation — rose just 0.2% month-on-month. This brought the annual rate of Core CPI down to 3.2%, slightly below the expected 3.3% and the previous month’s reading of 3.3%. This positive trend in inflation signals potential for a more stable economic environment, which could be contributing to Bitcoin’s rally.
As of press time, Bitcoin was still up 2.5% over the past 24 hours, trading at around $99,359 per coin. Despite slightly retracting from its peak, the overall market sentiment remains bullish, and many are hopeful that Bitcoin will continue to trend upward in the coming weeks.
The positive momentum was not limited to Bitcoin. Ethereum (ETH) ETFs also experienced a surge in inflows on January 15, with $59.78 million flowing into these funds compared to a modest $1.15 million the previous day. Leading the charge was Fidelity’s FETH, which saw an inflow of $29.32 million. BlackRock’s ETHA followed closely with $19.85 million in new investments.
Other Ethereum ETFs also saw more modest but still notable inflows, including Grayscale Ethereum Mini Trust, which recorded $8.09 million, and smaller contributions from other funds. As of now, the total net inflow into Ethereum ETFs stands at $2.47 billion. Ethereum itself was up 4.2% over the past day, trading at around $3,366, continuing to benefit from the positive sentiment in the crypto market.
The recent surge in Bitcoin’s price and the return of inflows into Bitcoin and Ethereum ETFs are encouraging signs for the cryptocurrency market. As Bitcoin briefly surpasses $100,000, investors are once again looking to gain exposure to the leading cryptocurrency through ETFs, which provide a regulated and accessible way to invest in Bitcoin without directly holding the asset.
The positive inflation data from the U.S. also suggests that Bitcoin could continue to perform well as a hedge against inflation, further bolstering its appeal. If Bitcoin maintains its upward trajectory, we could see even more significant inflows into Bitcoin ETFs in the coming weeks, potentially pushing the price higher.
However, as with any market, there are risks involved. While the current trend is positive, volatility remains a constant factor in the cryptocurrency world. Investors will need to monitor both market conditions and the broader economic landscape closely to assess whether Bitcoin and Ethereum can sustain their bullish momentum.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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