US Bitcoin exchange-traded funds saw a return to flows on January 15, with Bitcoin briefly surpassing $100,000 following the release of US CPI data for December.
According to data from SoSoValue, 12 Bitcoin ETFs have been registered $755.01 million in net inflows on Wednesday, breaking a four-day streak of outflows during which more than $1.2 billion in funds exited.
Interestingly, the majority of the day's inflows came from Fidelity's FBTC, which attracted $463.08 million — its highest net positive inflow since March 7 of last year, when it recorded an inflow of $473.4 million. ARK and 21Shares' ARKB followed with an influx of $138.81 million, a huge jump from the modest $2.89 million inflow recorded the previous day.
Furthermore, seven other Bitcoin ETFs also contributed to the positive momentum, with none of the investment products recording any outflows during the day, as detailed below:
- GBTC for Grayscale: $50.54 million.
- Biwise's BITB: $32.69 million.
- BlackRock IBIT: $31.86 million.
- VanEck's HODL: $16.98 million.
- Grayscale Bitcoin Minit Trust: $13.69 million.
- BTCO for Invesco Galaxy: $4.47 million.
- EZBC by Franklin Templeton: $2.9 million.
The total trading volume of the 12 Bitcoin ETFs reached $3.18 billion on January 15, significantly higher than the $2.23 billion recorded the previous trading day.
The recorded large inflows come as Bitcoin has been able to Exceeded $100,000 Briefly reaching a daily high of $100,702 on January 16, amid a broader market rally that rose 1.6% on the day, bringing the total market capitalization to $3.63 trillion.
This increase came after the release of the US Consumer Price Index report for December. The headline CPI rose 0.4% month-on-month, with a 2.9% year-on-year increase, in line with expectations. Meanwhile, the core CPI, seen as a leading indicator of inflation, rose 0.2% on the month, while its annual rate fell slightly to 3.2% below the expected 3.3% and November reading of 3.3%, indicating a positive trend. In core inflation.
At the time of publication Bitcoin (Bitcoin) is still up 2.5% over the past day's trading at $99,359 per coin.
Meanwhile, the nine Ethereum ETFs also recorded a rise in inflows on January 15 $59.78 million flush with money compared to a modest $1.15 million registered The day before.
Notably, Fidelity's FETH led the pack with an inflow of $29.32 million, followed by BlackRock's ETHA which attracted $19.85 million. More modest inflows came from the Grayscale Ethereum Mini Trust which saw inflows of $8.09 million and $2.53 million respectively.
The total cumulative net flow into these investment vehicles amounted to $2.47 billion. At the time of publication, Ethereum (Ethereum) was also up 4.2% over the last trading day at $3,366.
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