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.
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