Home / Business and Economy / Bitcoin ETFs See $355M Inflow, Ending Outflow Streak
Bitcoin ETFs See $355M Inflow, Ending Outflow Streak
2 Jan
Summary
- Spot Bitcoin ETFs received $355 million in net inflows.
- This inflow ended a seven-day streak of outflows totaling $1.12 billion.
- Improved global liquidity conditions are seen as a key driver for the trend.
US-listed spot Bitcoin ETFs have successfully reversed a challenging seven-day outflow streak, drawing in $355 million in net inflows. This positive turn follows a period where $1.12 billion was withdrawn from these funds, impacting market sentiment throughout December.
The renewed inflows were led by major players like BlackRock's iShares Bitcoin Trust ($143.75 million) and the Ark 21Shares Bitcoin ETF ($109.56 million). This resurgence is being attributed to an improvement in global liquidity conditions, with analysts noting that rising dollar liquidity typically supports risk assets.
The positive sentiment extended to other cryptocurrency funds. Spot Ethereum ETFs also saw net inflows of $67.8 million, ending a four-day outflow run, while spot XRP ETFs continued their steady demand for the 30th consecutive day. This broad recovery suggests a growing investor confidence across the digital asset market.
