#Bitcoin ETFs on US stock markets saw inflows of 7,222 BTC.#
Hot Topic Overview
Overview
US Bitcoin ETFs saw net inflows of 7,222 BTC on January 17, while Ethereum ETFs saw net inflows of 56,608 ETH. This marks the strongest single-day buying power since December 12, 2024, indicating a return of user sentiment. BlackRock was the largest buyer, purchasing 5,253 BTC in the past 24 hours, nearly offsetting its sell-off over the previous three working days. Other institutional investors like Fidelity, ARK, and Grayscale also saw significant purchases. This influx of funds was primarily driven by expectations surrounding the US power transition and optimism about the new administration's policies. ETF inflows are expected to remain high for the foreseeable future, positively impacting cryptocurrency prices.
Ace Hot Topic Analysis
Analysis
Recent inflows into Bitcoin ETFs on US stock markets have continued to grow, with net inflows of 7,222 BTC on January 17th and 56,608 ETH for Ethereum ETFs. BlackRock was the main buying force, adding 5,253 BTC on a single day. This indicates investors' growing enthusiasm for cryptocurrencies, especially in anticipation of the new government's policies following the power handover. Inflows over the past two days have exceeded $1.3 billion, completely erasing outflows from the previous four days. Analysts expect ETF flows to reach or exceed 2024 levels, solidifying their role in driving crypto prices this year. While short-term investors may have exited prior to the power handover, long-term investors remain bullish on BTC's prospects, believing that BTC may experience a prolonged rally like gold.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US stock Bitcoin ETF inflows continue to grow, indicating strong investor interest in cryptocurrencies, especially the active participation of large institutional investors such as BlackRock.
Bitcoin price rises have fueled bullish sentiment, which in turn has boosted ETF buying power, creating a virtuous cycle.
Market sentiment has been high in the final days before the handover, with FOMO intensifying and driving Bitcoin prices higher.
Despite short-term fluctuations, Bitcoin ETF inflows are expected to continue growing in the long term and become a major force driving cryptocurrency prices higher.