Bitcoin ETFs roar back with second day of $900M+ inflows
United States-based spot Bitcoin exchange-traded funds (ETFs) experienced nearly $1.9 billion in net inflows on January 3 and January 6, reversing a period of low demand. On January 6, the ETFs attracted $978.6 million, with the Fidelity Wise Origin Bitcoin Fund leading at $370.2 million. BlackRock’s iShares Bitcoin ETF and ARK 21Shares Bitcoin ETF followed with $209 million and $153 million, respectively. Bitwise Bitcoin ETF and Grayscale’s two spot Bitcoin ETFs saw over $70 million in inflows, while Invesco, Valkyrie, and WisdomTree recorded no inflows. The recent inflows nearly offset the $1.9 billion in net outflows from December 19 to January 2. Total net inflows for spot Bitcoin ETFs since launch are now $36.9 billion. BlackRock’s iShares Bitcoin ETF leads with $37.4 billion in inflows, while Grayscale’s GBTC has seen $21.4 billion in outflows. Retail investors accounted for nearly 80% of demand, with expectations for increased institutional involvement by 2025.
