US spot bitcoin ETFs saw net inflows surpass $5 billion in January
Quick Take In January, the 12 spot bitcoin ETFs saw about $5.25 billion in monthly net inflows, up from $4.53 billion in December 2024. BlackRock’s IBIT led the January inflows, recording $3.23 billion in monthly inflows.
U.S. spot bitcoin exchange-traded funds experienced more inflows in January than in the previous month amid President Donald Trump's return to the White House.
In January, the 12 spot bitcoin ETFs saw about $5.25 billion flow into the products, compared to around $4.53 billion in December 2024, according to data from SoSoValue.
The January inflows were led by BlackRock’s IBIT, which saw $3.23 billion in monthly inflows. Its net assets stood at $59.39 billion on Jan. 31, marking an increase of $7.67 billion throughout the month.
Fidelity’s FBTC, the second-largest spot bitcoin ETF by net assets, recorded $1.28 billion in monthly inflows in January. Its net assets expanded to $21.76 billion, up from $18.87 billion at the beginning of the month.
Matt Hougan, chief investment officer of Bitwise, wrote in a post on X over the weekend that the 12 ETFs may bring in over $50 billion in inflows this year.
“It's worth noting, there's significant month-to-month volatility in flows. Still, I think we end the year north of $50 billion,” Hougan said.
Bitcoin fell 4.2% in the past 24 hours to trade at $95,500 at the time of writing amid a broader crypto sell-off, according to The Block’s price page . Ether lost 16.5% to change hands at $2,591.
Trump took office in January, but the positive crypto sentiment — built up from his reelection — appears to be wavering due to a lack of crypto-specific mentions from Trump since his inauguration, according to Min Jung, a research analyst at Presto Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Weekly crypto fund flows drop 72% as Trump's trade tariffs, DeepSeek hit sentiment: CoinShares
Net inflows into global crypto investments dropped to $527 million last week from $1.9 billion the week before, according to asset manager CoinShares.While Trump’s potential tariffs were already an escalating concern last week, the full impact of his weekend announcement is yet to be reflected in the weekly figures.
Utah’s Bitcoin reserve bill could become the first state-level law in the US
Share link:In this post: Utah could soon get its digital asset bill approved, especially since its Economic Development Committee voted in favour of it. Porter and Teuscher expect Utah to be the first US state to establish a Bitcoin reserve. Senator Lummis says their reserved bill has earned more bipartisan support, though they could use a bit more.
These Overlooked Coins Are The Next Cryptos To Run In 2025