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CoinGape 2025-01-04 06:26:46

US Bitcoin ETF Inflows Hit $900M As Fidelity Leads BlackRock, BTC Bottom In?

After a weak start to 2025, US Bitcoin ETF inflows have bounced back strongly hitting $900 million on Friday. This time, it is Fidelity’s FBTC spot exchange-traded fund (ETF) that’s leading the charge scooping 3,640 BTC yesterday. Furthermore, BTC price is approaching $100K once again with on-chain indicators hinting at bottom formation. Moreover, the liquidation data shows traders and investors have a mixed outlook on Donald Trump’s inauguration day as both long and short liquidations are balanced. This uncertainty can also be observed in daily Bitcoin ETF flows. US Bitcoin ETF Inflows Resume Again In Strong Reversal After big outflows earlier this week, the US Bitcoin ETFs staged a strong reversal with nearly $900 million in inflows on Friday. As per Farside Investors data , Fidelity’s FBTC recorded the largest inflows yesterday among its peers at $357 million. After three consecutive days of outflows, BlackRock’s IBIT also saw a reversal with $252 million in inflows while Ark Invest’s ARKB saw $222 million. Nate Geraci, President of the ETF Store, celebrated the strong reversal on Friday, after outflow from iShares Bitcoin Trust (IBIT) a day earlier. IBIT rebounded strongly by attracting over $250 million in fresh inflows today. BlackRock’s IBIT hit massive milestones this year with more than $37 million in inflows and $53 million in net assets under management. Commenting on the overall ETF inflows, Geraci said: “That’s right… over $900 million. Just today,” adding that US spot Bitcoin ETFs have now accumulated approximately $700 million in net inflows since the beginning of the year. BTC On-Chain Metrics Show Strength On-chain data shows strength for Bitcoin hinting that the bulls are willing to look past the current correction. Crypto analyst Ali Martinez has reported a significant outflow of Bitcoin from exchanges over the past week. According to Martinez, more than 48,000 BTC valued at over $4.5 billion have been withdrawn during this period. Source: Ali Charts The substantial outflow signals a potential shift in market sentiment, with investors opting for self-custody or preparing for long-term holding. Usually, these massive withdrawals happen just before the strong move to the upside. The Coinbase Premium Index, a key indicator of institutional interest in Bitcoin, recently dropped to -0.23%, marking its lowest level in two years. However, the index has begun to rebound swiftly, signaling a resurgence in demand for Bitcoin among U.S.-based institutional investors. This narrative is further supported by inflows into US spot Bitcoin ETFs. Source: Ali Charts The Bitcoin community is now eagerly awaiting Donald Trump’s oath-taking ceremony on January 20. Traders believe that BTC can experience some volatility before the asset resumes its journey to $100K and beyond. “ Rich Dad Poor Dad” author Robert Kiyosaki predicted Bitcoin price to hit $175K and $350K this year. As of press time, BTC price is trading at 1.25% up near $98,000, with a trading volume down 13%. Per the Coinglass data , the 24-hour liquidation has soared to $53 million with more than $33 million in short liquidations. The post US Bitcoin ETF Inflows Hit $900M As Fidelity Leads BlackRock, BTC Bottom In? appeared first on CoinGape .

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