Bitcoin ETFs Register $517 Million Inflow In One Day

According to the latest market data, the US-based spot Bitcoin ETFs registered a total net influx of $517 million on Friday, January 24

Spot Bitcoin ETFs enjoyed a banner day on Friday, with a total net influx of $517 million. This marks the seventh consecutive day that crypto investment products experienced a net capital inflow.

According to market data, Fidelity Wise Origin Bitcoin Fund (FBTC) led the group with an inflow of over $186 million on Friday. Unsurprisingly, this comes after the fund’s strong performances in the past few weeks, which saw it cross the $2 billion AUM mark earlier in January.

The ARK 21Shares Bitcoin ETF (ARKB) came in second place, with a total inflow of roughly $169 million to close the week. BlackRock’s iShares Bitcoin Trust (IBIT) followed in third, adding more than $155 million in value on the day.

Other Bitcoin ETFs with a positive single-day performance included Grayscale Bitcoin Mini Trust (BTC) and WisdomTree Bitcoin Trust (BTCW), with $13 million and $2.79 million, respectively. Bitwise Bitcoin ETF (BITB) was the only exchange-traded fund that posted an outflow on Friday, with a total of $8.6 million.

However, this $517 million single-day performance brought the US-based Bitcoin ETFs’ weekly record to $1.76 billion. This extended the current streak of positive inflows to seven days, with the exchange-traded funds drawing $4.7 billion in capital within this period.

According to a Bloomberg ETF expert in a post on X, “The spot bitcoin ETFs quietly on fire to start year, with $4.2b in flows which is 6% of all ETF flows. Now at +$40b net since launch with aum at $121b and return of 127%. For context they just passed ESG ETFs in assets ($117b) and have about same as gold spot.”

This recent positive sentiment further intensified after the inauguration of Donald Trump as the United States president. The crypto community has been keeping a close eye on the new administration’s stance on digital assets.

Earlier this week, Trump’s nominee for the Federal Reserve Board of Governors, Christopher Waller, stated that he does not believe cryptocurrencies pose a threat to the financial system. This statement aligns with the views of several key figures within the Trump administration, including former White House trade adviser Peter Navarro.

However, the new administration’s stance on crypto regulation remains unclear, with some officials expressing support for a light-touch approach and others emphasizing the need for clear and concise rules.