Spot Bitcoin ETFs in the United States experienced a resurgence in inflows on January 15th, as Bitcoin briefly crossed the $100,000 mark following the release of the U.S. December Consumer Price Index data. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw a total of $755.01 million in net inflows on that day, breaking a streak of four consecutive days of outflows totaling over $1.2 billion.
The majority of the inflows on January 15th came from Fidelity’s FBTC, which attracted $463.08 million, marking its highest net positive flow since March 7th of the previous year. ARK and 21Shares’ ARKB also saw a significant inflow of $138.81 million, a substantial increase from the previous day’s modest inflow of $2.89 million. Seven other BTC ETFs also contributed to the positive momentum, with none of the investment products experiencing any outflows.
The total trading volume for the 12 Bitcoin ETFs on January 15th reached $3.18 billion, a significant increase from the previous day’s volume of $2.23 billion. This surge in inflows coincided with Bitcoin briefly surpassing $100,000 to reach a daily high of $100,702 on January 16th, as the broader market rallied by 1.6%, bringing the total market capitalization to $3.63 trillion.
The uptick in Bitcoin prices followed the release of the U.S. December Consumer Price Index report, which showed a 0.4% month-on-month increase in the headline CPI and a 2.9% annual increase. Core CPI, a key inflation indicator, rose by 0.2% month-on-month, with an annual rate of 3.2%, indicating a positive trend in underlying inflation.
As of the time of writing, Bitcoin was trading at $99,359 per coin, up 2.5% over the past day. In addition to Bitcoin, nine Ether ETFs also recorded a surge in inflows on January 15th, with $59.78 million flowing into the funds compared to the previous day’s $1.15 million. Fidelity’s FETH led the pack with an inflow of $29.32 million, followed by BlackRock’s ETHA with $19.85 million.
The cumulative net inflow into these investment vehicles stood at $2.47 billion. Ethereum was also up 4.2% over the past day, trading at $3,366. This influx of funds into both Bitcoin and Ether ETFs reflects a renewed investor interest in the cryptocurrency market, driven in part by positive economic data and market sentiment.