This week, the US Bitcoin spot ETF attracted $1.416 billion! Grayscale GBTC became the only "underperformer"
On January 17, a major news broke in the cryptocurrency market — according to data monitored by Farside Investors, this week the overall net inflow of the US Bitcoin spot ETF reached $1.416 billion, and the momentum of this capital inflow directly boosted market sentiment!
BlackRock IBIT remains a solid "top player," raking in $1.0349 billion in a single week, almost propping up half of the entire sector. Fidelity FBTC also did not lag behind, with a net inflow of $194.4 million securing the second spot, proving the appeal of established institutions is indeed well-deserved.
Products like Bitwise BITB and ARK’s ARKB also received tens of millions of dollars in funding support, even relatively niche ETFs like Franklin EZBC and Valkyrie BRRR were able to share in the spoils.
Interestingly, amidst a sea of positive data, Grayscale GBTC became the only "outlier," with a net outflow of $1.6 million in a single week, which stood out noticeably. Fortunately, Grayscale's mini BTC made a timely recovery, contributing a net inflow of $30.4 million, somewhat restoring Grayscale's reputation.
From the flow of funds, it is clear that institutional investors' enthusiasm for Bitcoin spot ETFs has not diminished at all. Products from leading institutions like BlackRock continue to lead the way, confirming that market confidence in compliant crypto assets is rapidly building. As more capital enters, the price trend of Bitcoin may encounter new waves, and players in the crypto space might as well hold on tight to their small benches and prepare for the upcoming market drama.
