As a researcher, I recently observed an interesting trend in the U.S.-based Bitcoin exchange-traded funds. On January 3rd and 6th, these funds collectively experienced approximately $1.9 billion in total net inflows. This shift marks a reversal from the decreased demand that was prevalent during the second half of December.
On January 6th, a total of $978.6 million was invested by investors in Bitcoin ETFs, with the Fidelity Wise Origin Bitcoin Fund leading the way at $370.2 million. The iShares Bitcoin ETF from BlackRock and the ARK 21Shares Bitcoin ETF followed closely behind, each attracting approximately $209 million and $153 million, respectively, based on data from Farside Investors.
On January 6th, there was approximately $70 million invested in the Bitwise Bitcoin ETF and Grayscale’s two spot Bitcoin ETFs (GBTC and BTC), while the VanEck Bitcoin ETF and Franklin Bitcoin ETF received investments totaling $17.3 million and $8.9 million respectively.
On that particular day, data showed no new investments (inflows) were made into the Bitcoin ETFs launched by Invesco, Valkyrie, and WisdomTree.
On January 3rd and 6th, there were exceptionally high inflows totaling almost $1.9 billion, which largely offset the approximately $1.9 billion in net withdrawals that occurred from December 19th to January 2nd.
Over the past year, since these Bitcoin ETFs were first introduced, they’ve amassed a total of $36.9 billion through new investments, also known as net inflows.
As a crypto investor, I’m thrilled to see the impressive inflows into Bitcoin-focused ETFs lately. The iShares Bitcoin ETF from BlackRock is leading the pack with an astounding $37.4 billion in net inflows. Not far behind is the Fidelity Wise Origin Bitcoin Fund, which has attracted a substantial $12.4 billion. On the flip side, Grayscale’s GBTC has experienced significant outflows totaling $21.4 billion. It’s an exciting time to be part of this dynamic crypto market!
According to a report published on October 25th by the cryptocurrency platform Binance, it was discovered that approximately 80% of the interest in Bitcoin Exchange-Traded Funds (ETFs) was primarily driven by individual investors, rather than institutional ones.
In 2025, it’s anticipated that there will be a greater participation of institutions in the cryptocurrency market as more platforms for direct Bitcoin ETF transactions become active. This prediction comes from analysts like Matt Hougan, the chief investment officer at Bitwise.
One factor contributing significantly to Bitwise’s optimistic prediction that Bitcoin could reach $200,000 by 2025, and VanEck’s expectation of a price above $180,000, is their belief in the digital asset’s potential growth trajectory.
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2025-01-07 07:54