The US-based spot Bitcoin exchange-traded funds (ETFs) have recorded significant net inflows in the first week of January, reversing a trend of low demand observed in the latter half of December. According to data from Farside Investors, these ETFs attracted nearly $1.9 billion in investor money on January 3 and January 6.
Top Performers: Fidelity Wise Origin Bitcoin Fund Leads the Way
The top performers among the US spot Bitcoin ETFs were led by the Fidelity Wise Origin Bitcoin Fund, which attracted $370.2 million on January 6. This was followed closely by BlackRock’s iShares Bitcoin ETF and the ARK 21Shares Bitcoin ETF, which brought in $209 million and $153 million respectively.
Bitwise Bitcoin ETF and Grayscale’s Spot Bitcoin ETFs See Significant Inflows
The Bitwise Bitcoin ETF and Grayscale’s two spot Bitcoin ETFs (GBTC and BTC) also saw significant inflows on January 6, with over $70 million in combined net inflows. The VanEck Bitcoin ETF and Franklin Bitcoin ETF, on the other hand, recorded $17.3 million and $8.9 million in inflows respectively.
Invesco, Valkyrie, and WisdomTree See Zero Inflows
The spot Bitcoin ETFs issued by Invesco, Valkyrie, and WisdomTree each recorded zero inflows on January 6, according to the data from Farside Investors.
Daily Flows into US Spot Bitcoin ETFs between Dec. 19 and Jan. 6
| Date | Net Inflows/Outflows |
| — | — |
| Dec. 19 | -$143 million |
| Dec. 20 | $-32 million |
| Dec. 21 | $-12 million |
| Dec. 22 | $-10 million |
| Dec. 23 | $-4 million |
| Dec. 24 | $0 million |
| Dec. 26 | $15 million |
| Dec. 27 | -$8 million |
| Dec. 28 | $-11 million |
| Dec. 29 | $-5 million |
| Dec. 30 | $-2 million |
| Dec. 31 | $0 million |
| Jan. 3 | $978.6 million |
| Jan. 6 | $1.9 billion |
Spot Bitcoin ETFs Accumulate $36.9 Billion in Net Inflows Since Launch
The latest inflows bring the total net inflows for the spot Bitcoin ETFs to nearly $37.4 billion since their launch nearly 12 months ago. BlackRock’s iShares Bitcoin ETF leads the pack with $37.4 billion in net inflows, followed closely by the Fidelity Wise Origin Bitcoin Fund at $12.4 billion.
Grayscale’s Converted GBTC Sees Significant Outflows
In contrast to the strong performance of the spot Bitcoin ETFs, Grayscale’s converted GBTC has seen significant outflows, totaling nearly $21.4 billion.
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Industry Analysts Expect Increased Institutional Involvement in 2025
An October 25 report from cryptocurrency exchange Binance found that nearly 80% of demand for the spot Bitcoin ETFs came from retail investors, rather than institutions. However, industry analysts such as Bitwise’s chief investment officer Matt Hougan expect increased institutional involvement in 2025 when more clearinghouses for spot Bitcoin ETF trading come online.
Bitwise Sees Bullish $200,000 Bitcoin Price Estimate for 2025
That is one of the catalysts behind Bitwise’s bullish $200,000 Bitcoin price estimate for 2025. VanEck also expects Bitcoin to top $180,000 in 2025.
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