#$626 million poured into US spot BTC ETFs#
Hot Topic Overview
Overview
On January 16th, the US spot Bitcoin ETF market witnessed a significant inflow of funds, with a total net inflow of $626 million. BlackRock's IBIT ETF saw a net inflow of $528 million on the day, making it the biggest winner. Meanwhile, spot Ethereum ETFs also attracted $167 million in capital, with BlackRock's ETHA ETF seeing a net inflow of $111 million. Notably, Grayscale GBTC saw an outflow of $70 million. Data suggests a strong positive correlation between ETF fund inflows and Bitcoin prices, which could imply further price increases for Bitcoin.
Ace Hot Topic Analysis
Analysis
Recently, the US spot Bitcoin and Ethereum ETF markets have witnessed significant inflows of capital. According to SoSoValue data, on January 16th, total net inflows into Bitcoin spot ETFs reached a staggering $6.26 billion, with BlackRock's ETF IBIT alone seeing a net inflow of $5.28 billion for the day, bringing its total net inflows to $38.036 billion. Concurrently, total net inflows into Ethereum spot ETFs reached $1.67 billion, with BlackRock's ETF ETHA seeing a net inflow of $1.11 billion for the day, bringing its total net inflows to $3.827 billion. Notably, Grayscale's GBTC saw an outflow of $70 million. This phenomenon has attracted market attention, with some individuals suggesting a strong positive correlation between Bitcoin ETF inflows and price movements, while the lack of a corresponding price boost from Ethereum ETF inflows has sparked discussions within the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A large amount of money flowed into the US spot BTC and ETH ETF markets, with BTC ETFs seeing net inflows of $626 million and ETH ETFs seeing net inflows of $167 million.
BlackRock's IBIT and ETHA were the main beneficiaries of the inflows, receiving net inflows of $528 million and $111 million respectively on a single day.
ETF inflows have a significant positive correlation with BTC prices, while ETH prices have performed poorly.
The trend of money flowing into spot BTC and ETH ETFs continues, with a significant increase in funds flowing into ETH ETFs.