Bitcoin ETFs Post Highest Inflows Since November

After a turbulent December, Bitcoin ETFs recorded $908 million in inflows, signaling a rebound in market sentiment.

By: Jona Jaupi • January 06, 2025

Bitcoin ETFs Post Highest Inflows Since November

Bitcoin (BTC) spot exchange-traded funds (ETFs) drew in $908 million on Jan. 3, the highest single-day inflows since Nov. 21, 2024.

This figure is a 170x increase compared to the $5.3 million in inflows recorded on Dec. 31, 2024, according to SoSo Value data. Since their launch in January 2024, BTC ETFs have accumulated a total of $36 billion in inflows, with total net assets reaching $111 billion.

Bitcoin is currently trading at $102,000, reflecting a 4% increase over the past 24 hours and a 7.9% rise over the past week, according to CoinGecko. This price comes after nearly a month of Bitcoin fluctuating around the $100,000 mark.

the-defiant — ETF Flows. Source: SoSo Value

This surge in Bitcoin ETF inflows on Jan. 3 highlights a shift in investor sentiment, signaling renewed confidence in cryptocurrency after a period of market turbulence.

The inflows also follow a period of significant outflows, including BlackRock's record $333 million in net outflows on Jan. 2. Despite recent volatility, such as a record $672 million sell-off on Dec. 19, BTC’s resilience appears to be drawing fresh capital into the market, experts have told The Defiant in recent weeks.

Recent outflows came after the Federal Reserve signaled a cautious stance on potential interest rate cuts for 2025, which contributed to market uncertainty.

Fidelity and BlackRock

Fidelity’s FBTC attracted the largest inflows of approximately $357 million. BlackRock’s IBIT and ARK and 21Shares’ ARKB fund and BlackRock’s IBIT followed, recording $253 million and $223 million, respectively.

Bitwise’s BITB came in fourth place with $61 million, while Grayscale’s BTC fund rounded out the top five with $8.7 million in inflows. The rest of the funds remained neutral.

ETH ETF Inflows

Ethereum (ETH) spot ETFs also recorded inflows of $59 million on Jan. 3. BlackRock's FETH fund led the way, attracting $34 million, while Fidelity's FETH and Grayscale's ETH funds followed with $27 million and $5 million in inflows, respectively. Meanwhile, Grayscale ETHE fund experienced outflows of $7 million.