The 11 Bitcoin ETFs recorded a net inflow of $188 million yesterday with the bulk of the funds coming from Blackrock’s IBIT.
Seven out of the eleven Bitcoin ETFs saw transactions, a continued trend from the previous days after the Bitcoin ETFs started the year on the low side.
Farside Investors UK revealed that Blackrock’s IBIT led the inflows for the day pulling in $154 million.
Other Bitcoin ETFs pulled in Minimal Inflows less than $100 million.
Bitwise BITB recorded the second-highest inflow pulling in $42.1 million.
Investco’s BTCO and Grayscale’s BTC recorded minimal inflows of $12.4 and $11.9 million respectively while Fidelity’s FBTC and Ark 21 shares ARKB pulled in $9.2 and $8.4 million respectively.
Grayscale’s GBTC recorded the only outflow for the day losing $49.9 million.
Grayscale’s GBTC has lost over $300 million in the past days keeping up with historical patterns.
The Bitcoin ETFs recorded an increased investor activity compared to the first two weeks of the year.
Bitcoin Price Analysis
Bitcoin at the moment is exchanging hands for $105,621 surging by 0.5% in the last 24 hours.
The crypto asset is up 13.2% in the last 7 days with a market capitalization of over $2 trillion.
Bitcoin has reacted mildly to Donald Trump’s administration so far crossing its All time high by a few cents.
Growing speculation around the proposed strategic Bitcoin Reserve for the United States has had no impact on the Bitcoin price level so far.
The crypto asset has revolved above $104,000 and $108,000 for the past few days.
