{"id":6415,"date":"2025-01-07T09:04:49","date_gmt":"2025-01-07T09:04:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6415"},"modified":"2025-01-07T09:04:49","modified_gmt":"2025-01-07T09:04:49","slug":"spot-bitcoin-etf-inflows-surge-to-6-week-high-of-nearly-1b","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6415","title":{"rendered":"Spot Bitcoin ETF Inflows Surge to 6-week High of Nearly $1B"},"content":{"rendered":"<div>\n<p>On Jan. 6, spot Bitcoin ETFs in the United States saw their highest inflows since Nov. 21, with $978 million, equating to 9,577 BTC entering the investment products.<\/p>\n<p>Additionally, it was the second consecutive trading day in a row with more than $900 million in inflows, as Jan. 3 saw $908 million entering the eleven funds.<\/p>\n<p>The $1.88 billion inflow has reversed a trend that saw $1.97 billion leaving the <a href=\"https:\/\/cryptopotato.com\/early-2025-inflows-for-crypto-investment-products-reach-585m-in-just-3-days\/\" data-wpel-link=\"internal\">investment products<\/a> since Dec. 19, almost wiping out those outflows in just two days.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Final 1\/6 inflows for U.S. Bitcoin ETFs 9,577 BTC, or $978 million <a href=\"https:\/\/t.co\/bXUHYHFxDF\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/bXUHYHFxDF<\/a><\/p>\n<p>\u2014 HODL15Capital (@HODL15Capital) <a href=\"https:\/\/twitter.com\/HODL15Capital\/status\/1876476065771851859?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>ETF Consumption Way Exceeding BTC Production<\/h2>\n<p>Fidelity\u2019s FBTC fund was the leader for the day on Monday, with an inflow of $370 million, followed by BlackRock\u2019s IBIT fund with $209 million.<\/p>\n<p>Ark 21Shares also had a good day with $153 million in inflows, while both Grayscale products GBTC and the BTC mini trust saw over $70 million each inflowing, as did Bitwise. There were minor inflows for Franklin and VanEck and no outflows for the rest.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">GBTC Buys 720 Bitcoin<\/p>\n<p>You know it\u2019s a big day when GBTC are buying <a href=\"https:\/\/t.co\/RVZpafS0MJ\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/RVZpafS0MJ<\/a><\/p>\n<p>\u2014 Thomas | heyapollo.com (@thomas_fahrer) <a href=\"https:\/\/twitter.com\/thomas_fahrer\/status\/1876418650997199047?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>More than 9,000 BTC have entered spot <a href=\"https:\/\/cryptopotato.com\/weekly-bitcoin-ethereum-etf-insights-the-highs-lows-and-key-takeaways\/\" data-wpel-link=\"internal\">Bitcoin ETFs<\/a> per day over the past two trading days, which is significantly more than the 450 BTC that are mined every day on average.<\/p>\n<p>Bloomberg ETF analyst Eric Balchunas said, \u201cI would have predicted a rough patch for the BTC ETFs given the drop below $100k (overdue for a breather), but no, they roared back with nearly $1B Friday.\u201d Since then, BTC has reclaimed $100,000, and the products have seen another day with almost $1 billion in inflows.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I would have predicted a rough patch for the btc ETFs given the drop below $100k (overdue for a breather) but no, they roared back with nearly $1b Friday, which lifted the 1W to positive net. Good sign. The scoring was spread around too, Dream Team-style- also a good sign. <a href=\"https:\/\/t.co\/krmKS0wKm2\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/krmKS0wKm2<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1876266559846658323?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The ETF resurgence follows spot markets where Bitcoin has gained almost 10% since the beginning of this year. The asset hit an intraday high of $102,512 during early trading in Asia on Tuesday, so ETF momentum may continue today if those gains are maintained.<\/p>\n<h2>ETH ETF Resurgence<\/h2>\n<p>Spot <a href=\"https:\/\/cryptopotato.com\/ethereum-to-outperform-bitcoin-in-face-melting-rally-in-q1-analysts\/\" data-wpel-link=\"internal\">Ethereum<\/a> ETFs also had a good day on Monday, with their highest inflow for a fortnight at $128.7 million.<\/p>\n<p>The majority of that inflow, $124 million, was for BlackRock\u2019s ETHA fund, which has now seen a total of $3.6 billion in inflows since it launched six months ago.<\/p>\n<p>There was very little activity for the rest of the ETH ETFs, and Grayscale\u2019s ETHE continues to outflow, with the product losing $7.2 million on Monday.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/spot-bitcoin-etf-inflows-surge-to-6-week-high-of-nearly-1b\/\" rel=\"nofollow\">Spot Bitcoin ETF Inflows Surge to 6-week High of Nearly $1B<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Jan. 6, spot Bitcoin ETFs in the United States saw their highest inflows since Nov. 21, with $978 million, equating to 9,577 BTC entering the investment products. Additionally, it was the second consecutive trading day in a row with more than $900 million in inflows, as Jan. 3 saw $908 million entering the eleven [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6415","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6415"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6415\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}