Bitcoin ETFs Draw in $754M as BTC Clears $95K
Bitcoin surged to nearly $95,000, sparking the strongest day of inflows in three months for U.S. spot Bitcoin ETFs, which saw $753.7 million added on January 13. The rally is driven by institutional rebalancing, improved macroeconomic sentiment, and growing acceptance of ETFs as regulated investment vehicles. Top inflows were led by Fidelity’s FBTC ($351.36 million), followed by Bitwise’s BITB and BlackRock’s IBIT. Total U.S. Bitcoin ETF assets rose to about $123 billion, comprising 6.5% of Bitcoin’s $1.89 trillion market cap. Broader crypto markets also rose, with total capitalization up 3.3% to $3.32 trillion and major altcoins gaining 2-6%, aided by optimism over a proposed U.S. crypto market structure bill that could clarify altcoin regulation. However, analysts note that continued momentum may be tempered by high interest rates and volatile ETF flows, and that pending legislation faces political hurdles. Long-term, projected ETF demand could exceed new Bitcoin supply, supporting prices structurally.
