Bitcoin exchange-traded funds in the United States saw a return to inflows on January 15, when Bitcoin briefly surpassed $100,000 following the release of December US Consumer Price Index data.
According to data from SoSoValue, the 12 spot Bitcoin ETFs have been registered $755.01 million in net inflows on Wednesday, breaking a four-day outflow streak in which more than $1.2 billion disappeared from the funds.
Interestingly, most of the inflows on the day came from Fidelity’s FBTC, which attracted $463.08 million – its highest net positive flow since March 7 last year, when it recorded inflows of $473.4 million. ARK and 21Shares’ ARKB followed with inflows of $138.81 million, a huge jump from the modest $2.89 million inflows recorded the day before.
Furthermore, seven other BTC ETFs also contributed to the positive momentum, with none of the investment products recording any outflows on the day, as detailed below:
- Grayscale’s GBTC: $50.54 million.
- Biwise’s BITB: $32.69 million.
- BlackRock IBIT: $31.86 million.
- VanEck’s HODL: $16.98 million.
- Grayscale Bitcoin Minit Trust: $13.69 million.
- Invesco Galaxy’s BTCO: $4.47 million.
- Franklin Templeton’s EZBC: $2.9 million.
Total trading volume for the 12 Bitcoin ETFs was $3.18 billion on January 15, significantly higher than the $2.23 billion recorded the previous trading day.
The significant inflows recorded came as Bitcoin managed to briefly surge past $100,000, reaching a daily high of $100,702 on January 16, amid a broader market rally that rose 1.6% over the day, pushing the total market capitalization reached $3.63 trillion.
The increase followed the release of the December US Consumer Price Index report. The headline CPI rose 0.4% month-on-month, with an increase of 2.9% year-on-year, in line with expectations. Meanwhile, the core CPI, seen as a key inflation indicator, rose 0.2% month-on-month, while the annual rate fell slightly to 3.2% below the 3.3% expected and the 3.3% measured in November .3%, indicating a positive trend in underlying inflation.
At the time of writing, Bitcoin (BTC) was still up 2.5% over the day at a trade of $99,359 per coin.
Meanwhile, the nine Ether ETFs also recorded a sharp increase in inflows on January 15 $59.78 million flowing into the funds, compared to the modest $1.15 million recorded the day before.
Notably, Fidelity’s FETH led the pack with inflows of $29.32 million, followed by BlackRock’s ETHA, which raked in $19.85 million. A more modest inflow came from Grayscale Ethereum Mini Trust, which saw inflows of $8.09 million and $2.53 million, respectively.
The cumulative total net inflows into these investment vehicles amounted to $2.47 billion. At the time of writing, Ethereum (ETH) was also up 4.2% over the day at $3,366.
