🚀 Bitcoin ETFs are on fire! On January 6, U.S. spot Bitcoin ETFs experienced a massive inflow of $978 million, equivalent to 9,577 BTC. This marks the highest inflow since November 21 and follows another strong day on January 3 with $908 million. In just two days, a whopping $1.88 billion has flowed into these products, nearly reversing the $1.97 billion outflow since December 19.
🌟 Leading the charge was Fidelity’s FBTC fund with a $370 million inflow, followed by BlackRock’s IBIT fund at $209 million. Even Grayscale's GBTC joined the party, snapping up 720 BTC.
📈 This surge in ETF demand is outpacing Bitcoin production, with over 9,000 BTC entering ETFs daily, far exceeding the 450 BTC mined each day. Despite a recent dip below $100k, Bitcoin has bounced back, reclaiming its six-figure status and fueling ETF momentum.
Bitcoin's 2025 is off to a roaring start!