#Surge in Bitcoin ETF Fund Inflows#

Recently, Bitcoin ETF inflows have surged, indicating continued institutional interest in cryptocurrencies. Data shows that on January 21, US spot Bitcoin ETFs saw a single-day net inflow of $802 million, with BlackRock's IBIT contributing $662 million. This marks the fourth consecutive day of net inflows, suggesting sustained institutional capital flowing into the Bitcoin market. Additionally, the CME Bitcoin options market is also showing strong bullish sentiment, with a 30-day top skew rate reaching 4.4%, a new high since the US presidential election. Analysts believe that continuous institutional inflows and reduced selling by long-term holders will create new upside potential for the Bitcoin price. As of now, total net assets of Bitcoin spot ETFs stand at $123.59 billion, accounting for 5.88% of Bitcoin's total market capitalization, with a cumulative net inflow of $38.98 billion. Aside from Bitcoin, Ethereum ETFs also saw inflows, with a net inflow of 18,108 ETH, or $59.59 million, on January 22. These figures indicate a rising interest in cryptocurrencies among institutional investors, which will drive new growth momentum for the cryptocurrency market.