Spot Bitcoin ETFs in US Record Nearly $1 Billion Inflows as Bitcoin Recovers to $102k
Spot Bitcoin exchange-traded funds in the United States recorded nearly $1 billion in inflows on Jan. 6 as Bitcoin managed to recover to the $102k level.
According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded inflows of $987.06 million on Monday, marking their second straight day of inflows. Over these two days, the ETFs saw over $900 million in inflows each day, totaling nearly $1.89 billion.
The recent jump in inflows nearly offset the streak of low demand observed in the latter half of December, during which the ETFs experienced approximately $1.9 billion in net outflows between Dec. 19 and Jan. 2.
Key Inflows on Jan. 6
The inflows seen on Jan. 6 were led by Fidelity’s FBTC with $370.24 million entering the fund, followed by BlackRock’s IBIT and ARK 21Shares’ ARKB at $209.08 million and $152.92 million, respectively. Biwise’s BITB, Grayscale’s spot BTC ETFs with the tickers GBTC and BTC also contributed positively with $75.23 million, $73.79 million, and $71.19 million, respectively.
VanEck’s HODL, Franklin Templeton’s EZBC, and Valkyrie’s BRRR saw more modest inflows at $17.33 million, $8.88 million, and $8.38 million, respectively. The remaining three BTC ETFs remained neutral.
Market Performance and Trading Volume
The total daily trading volume for these investment products stood at $3.96 billion on Jan. 6, significantly higher than the $2.59 billion recorded the previous day. The strong inflows aligned with Bitcoin’s upward climb, surpassing the $102,000 mark, sparking renewed enthusiasm and institutional interest in Bitcoin ETF products.
Last December was a standout month for spot Bitcoin ETFs in the US, with funds accumulating around 51,500 BTC—about 272% more than the 13,850 new coins entering circulation during the month. Strong spot market activity drove Bitcoin to an all-time high of $108,135 on Dec. 17, as per data from crypto.news.
Current Bitcoin Price
At press time, Bitcoin (BTC) was trading at $101,674, reflecting a 2.2% increase over the past 24 hours.