#Surge in Bitcoin ETF Fund Inflows#

Recent surge in Bitcoin ETF inflows showcases continued institutional interest in cryptocurrencies. Data reveals that on January 22nd, Bitcoin ETFs saw a net inflow of 6,719 BTC, approximately $7.01 billion, with BlackRock's iShares Bitcoin ETF accounting for 6,208 BTC, roughly $6.48 billion. Furthermore, Bitwise Bitcoin ETF's asset under management (AUM) has surpassed $4.5 billion, marking an increase of about $500 million in the past two months. CME Bitcoin options trading is displaying the strongest bullish sentiment since Trump won the election, with the option skew soaring to 4.4%, hitting a new high since early November. Analysts believe that continued institutional inflows, along with fewer sell-offs from long-term holders, will create new upside potential for Bitcoin prices. It is noteworthy that the total net asset value (NAV) of Bitcoin spot ETFs stands at $123.59 billion, representing 5.88% of Bitcoin's total market capitalization, with an accumulated net inflow of $38.98 billion historically.