#$626 million flowed into U.S. spot BTC ETFs#
Hot Topic Overview
Overview
On January 16, the US spot Bitcoin ETF market saw a massive influx of funds, with a total net inflow of $626 million. Of that amount, BlackRock's IBIT ETF saw a single-day net inflow of $528 million. Meanwhile, spot Ethereum ETFs attracted $167 million in inflows, with BlackRock's ETHA ETF seeing $111 million in single-day inflows. It is noteworthy that Grayscale GBTC saw an outflow of $70 million. Data shows a significant positive correlation between ETF inflows and Bitcoin prices, which may suggest further upside potential for Bitcoin.
Ace Hot Topic Analysis
Analysis
Recently, there has been a significant inflow of funds into the US spot Bitcoin and Ethereum ETF markets. The total net inflow for spot Bitcoin ETFs reached $626 million, while spot Ethereum ETFs saw a total net inflow of $167 million. BlackRock's IBIT and ETHA were the largest single-day net inflows for the two types of ETFs, with $528 million and $111 million respectively. Notably, Grayscale GBTC saw an outflow of $70 million. Data shows a significant positive correlation between ETF inflows and BTC price, while ETH experienced inflows despite a price decline, sparking market discussion.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A massive influx of capital into the US spot BTC ETF market, with a single-day net inflow of $626 million. Of this, BlackRock's ETF IBIT saw a single-day net inflow of $528 million.
ETF fund flows have a strong positive correlation with BTC prices. You can subscribe to indicators to enable programs to automatically place orders based on fund flows.
Grayscale GBTC saw an outflow of $70 million, indicating that investors are shifting from GBTC to spot BTC ETFs.
There has been a significant increase in funds flowing into ETH ETFs, but ETH prices have continued to decline, sparking market discussion.