#$626 million flows into U.S. spot BTC ETFs#
Hot Topic Overview
Overview
On January 16, the US spot Bitcoin ETF market saw a massive inflow of funds, totaling $626 million in net inflows. BlackRock's ETF IBIT alone saw $528 million in net inflows, making it the largest inflow. Meanwhile, spot Ethereum ETFs also saw inflows, totaling $167 million, with BlackRock's ETF ETHA seeing $111 million in net inflows. Notably, Grayscale's GBTC experienced an outflow of $70 million. Data shows that ETF inflows have a significant positive correlation with BTC prices, while ETH has shown an increase in inflows but a decrease in prices.
Ace Hot Topic Analysis
Analysis
On January 16, the US spot Bitcoin ETF market saw a massive influx of funds, with total net inflows reaching $626 million. BlackRock's ETF IBIT saw the largest single-day net inflow of $528 million, making it the biggest winner. At the same time, spot Ethereum ETFs also saw inflows, with total net inflows of $167 million. BlackRock's ETF ETHA saw a single-day net inflow of $111 million. Notably, Grayscale's GBTC saw an outflow of $70 million. Data shows a strong positive correlation between ETF inflows and BTC price, while ETH saw inflows despite a price decline.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A large amount of money flowed into the US spot BTC ETF market, with a net inflow of $626 million on a single day. BlackRock's ETF IBIT saw the most net inflow, reaching $528 million.
ETF fund inflows are significantly positively correlated with BTC prices. You can subscribe to indicators and implement programs to automatically place orders based on fund flows.
Grayscale GBTC saw an outflow of $70 million, which may be related to investors' preference for spot BTC ETFs.
Spot Ethereum ETFs also saw fund inflows, with a net inflow of $167 million on a single day. BlackRock's ETF ETHA saw the most net inflow, reaching $111 million.