Key Points:
- BlackRock’s IBIT added 30,956 BTC, reaching 582,874 BTC, with a $3.2B inflow (60% of last month).
- Fidelity’s FBTC saw $1.2B in net inflows, strengthening its position in the market.
- The rising inflows into US Bitcoin spot ETFs signal strong institutional demand, shaping Bitcoin’s market in 2024.
According to monitoring by Trader T, US Bitcoin spot ETFs recorded a net inflow of $5.3 billion in January, highlighting strong investor demand amid a bullish market sentiment.
BlackRock Leads with $3.2B Inflows
BlackRock’s iShares Bitcoin Trust (IBIT) saw the most significant inflows, adding 30,956 BTC to its holdings. This brought IBIT’s total Bitcoin reserves to 582,874 BTC, with a $3.2 billion net inflow, accounting for 60% of December’s inflows. The steady accumulation signals continued institutional interest in US Bitcoin spot ETFs as an investment vehicle.
Read more: Bitcoin Spot ETFs Hit $1.1B Inflows, BlackRock IBIT Sets Record Turnover
Fidelity’s FBTC Attracts $1.2B
Fidelity’s Wise Origin Bitcoin Trust (FBTC) also experienced significant demand, with net inflows reaching $1.2 billion in January. This marks a strong start to the year for Fidelity’s ETF, reinforcing its position as a key player in the US Bitcoin spot ETFs market.
The consistent capital inflows into these ETFs suggest institutional investors remain bullish on Bitcoin despite market fluctuations. As more funds flow into regulated US Bitcoin spot ETFs, confidence in crypto as a mainstream asset continues to grow.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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