Thursday was another day of net inflows into U.S. spot bitcoin ETFs, continuing a six-day flow of green trading activity.
Bitcoin ETFs Approach $122 Billion as Inflow Streak Continues
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Bitcoin ETFs Record Sixth Consecutive Day of Inflows
On Thursday, Jan. 23, bitcoin exchange-traded funds (ETFs) saw a net inflow of $188.65 million, marking the sixth consecutive day of inflows. With a daily trading volume of $9.58 billion, Blackrock’s IBIT and Bitwise’s BITB captured most of the inflows.
Blackrock’s IBIT secured $154.64 million, bringing its net assets to $60 billion. Bitwise’s BITB was the second largest recipient, garnering $42.15 million, according to metrics from Sosovalue.
Other contributors to the Jan. 23 inflow included Invesco’s BTCO with $12.38 million, Grayscale’s BTCO with $11.9 million, Fidelity’s FBTC with $9.16 million, and Ark and 21Shares’ ARKB with $8.35 million. The only outflow was from Grayscale’s GBTC with $49.94 million departing the fund. Other ETFs experienced neither gains nor losses.
With six consecutive days of inflows, the cumulative total net inflow is approaching $40 billion, currently at $39.42 billion while the total net assets inches toward $122 billion, currently at $121.6 billion.
On the ether side, the net outflow of $14.93 million ended the five-day inflow streak. Grayscale’s ETHE led the outflow with $22.29 million leaving the fund. Bitwise’s ETHW also saw an outflow of $3.03 million. However, Fidelity’s FETH and Grayscale’s ETH saw inflows of $7.33 million and $3.06 million respectively. The other ether ETFs stayed neutral.
With total net assets approaching $12 billion, ether ETFs will be looking to bounce back during Friday’s trading session to close the week on a high.
