The post Spot Bitcoin ETF Inflows Surge to 6-week High of Nearly $1B appeared on BitcoinEthereumNews.com.

On Jan. 6, spot Bitcoin ETFs in the United States saw their highest inflows since Nov. 21, with $978 million, equating to 9,577 BTC entering the investment products. Additionally, it was the second consecutive trading day in a row with more than $900 million in inflows, as Jan. 3 saw $908 million entering the eleven funds. The $1.88 billion inflow has reversed a trend that saw $1.97 billion leaving the investment products since Dec. 19, almost wiping out those outflows in just two days. Final 1/6 inflows for U.S. Bitcoin ETFs 9,577 BTC, or $978 million pic.twitter.com/bXUHYHFxDF — HODL15Capital (@HODL15Capital) January 7, 2025 ETF Consumption Way Exceeding BTC Production Fidelity’s FBTC fund was the leader for the day on Monday, with an inflow of $370 million, followed by BlackRock’s IBIT fund with $209 million. Ark 21Shares also had a good day with $153 million in inflows, while both Grayscale products GBTC and the BTC mini trust saw over $70 million each inflowing, as did Bitwise. There were minor inflows for Franklin and VanEck and no outflows for the rest. GBTC Buys 720 Bitcoin You know it’s a big day when GBTC are buying pic.twitter.com/RVZpafS0MJ — Thomas | heyapollo.com (@thomas_fahrer) January 7, 2025 More than 9,000 BTC have entered spot Bitcoin ETFs per day over the past two trading days, which is significantly more than the 450 BTC that are mined every day on average. Bloomberg ETF analyst Eric Balchunas said, “I would have predicted a rough patch for the BTC ETFs given the drop below $100k (overdue for a breather), but no, they roared back with nearly $1B Friday.” Since then, BTC has reclaimed $100,000, and the products have seen another day with almost $1 billion in inflows. I would have predicted a rough patch for the btc ETFs given…

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Filed under: News - @ January 7, 2025 9:25 am