The post U.S. Spot Bitcoin ETFs See $189.09M Net Inflows on January 23 appeared on BitcoinEthereumNews.com.

The U.S. spot Bitcoin ETFs recorded a total net inflow of $189.09 million on January 23, marking the sixth consecutive day of net inflows, according to data shared by Trader T on X. The surge was led by BlackRock’s IBIT, which contributed $155.09 million, reaffirming its dominance in the Bitcoin ETF market. Other notable inflows came from Bitwise’s BITB with $42.15 million, Invesco’s BTCO at $12.38 million, and Grayscale’s Bitcoin Mini Trust adding $11.90 million. Fidelity’s FBTC also contributed $9.16 million, rounding off a strong day for Bitcoin ETFs. Highlights of the Inflows ETF Name Net Inflows (in USD) BlackRock’s IBIT $155.09M Bitwise’s BITB $42.15M Invesco’s BTCO $12.38M Grayscale Bitcoin Mini Trust $11.90M Fidelity’s FBTC $9.16M Implications of Sustained Inflows Investor Confidence The consistent inflows into U.S. spot Bitcoin ETFs highlight growing confidence in Bitcoin’s long-term value as an asset class. Institutional Participation Major institutional investors are increasingly using ETFs as a regulated and convenient way to gain exposure to Bitcoin, bolstering market maturity. Market Liquidity Rising inflows contribute to higher liquidity in the Bitcoin market, reducing volatility and encouraging further investment. ETF Popularity The surge underscores the rising popularity of Bitcoin ETFs as a preferred investment vehicle for both institutional and retail investors. BlackRock’s Dominance in Bitcoin ETFs BlackRock’s IBIT continues to dominate the U.S. spot Bitcoin ETF market, capturing a significant share of daily inflows: Market Leader: Its $155.09 million contribution accounted for over 82% of the total net inflows on January 23. Trusted Brand: As the world’s largest asset manager, BlackRock’s involvement lends credibility and attracts investors seeking a reliable way to invest in Bitcoin. Why Spot Bitcoin ETFs Are Attracting Inflows Regulatory Clarity Recent advancements in regulatory approval have made spot Bitcoin ETFs a safer and more attractive option for investors. Simplified Exposure ETFs eliminate the…

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Filed under: News - @ January 26, 2025 11:25 am