Spot Bitcoin ETFs Record Staggering $4.7 Billion In Seven-Day Inflow Streak — Details
Spot Bitcoin ETFs have gained significant investor attention in 2024, particularly following Donald Trump's inauguration. On January 24, US-based Bitcoin ETFs recorded a net influx of $517 million, marking the seventh consecutive day of positive capital inflows. The Fidelity Wise Origin Bitcoin Fund (FBTC) led with over $186 million, followed by ARK 21Shares Bitcoin ETF (ARKB) with approximately $169 million, and BlackRock’s iShares Bitcoin Trust (IBIT) adding over $155 million. Other ETFs like Grayscale Bitcoin Mini Trust and WisdomTree Bitcoin Trust also saw positive inflows, while Bitwise Bitcoin ETF experienced an outflow of $8.6 million. The total weekly inflow for Bitcoin ETFs reached $1.76 billion, with a cumulative $4.7 billion over the seven-day streak. Bitcoin's price remained stable around $104,500 amid this capital influx.
