According to data provided by SoSoValue, Bitcoin exchange-traded funds (ETFs) attracted a total of $52.4 million worth of net inflows on Tuesday.
These products have managed to attract $1.7 billion of inflows in the first four trading days of this year, according to analyst Nate Geraci.
Spot bitcoin ETFs have taken in $1.7bil over first four trading days of 2025…I see “no demand” has carried over to this yr.
— Nate Geraci (@NateGeraci) January 8, 2025
However, BlackRock's iShares Bitcoin Trust ETF (IBIT) was the only ETF in green on Tuesday. It recorded a total of $596 million worth of inflows, logging one of its most successful days to date.
That said, other ETF products severely underperformed, with ARK 21Shares Bitcoin ETF (ARKB) bleeding $212 million.
Grayscale Bitcoin Trust ETF (GBTC) and Bitwise Bitcoin ETF (BITB) recorded $125 million and $114 million worth of outflows, respectively.
Asreported by U.Today, the Bitcoin price collapsed to as low as $95,259 after key U.S. economic data revived concerns about stickier-than-expected inflation.
The leading cryptocurrency plunged by nearly 6% while top altcoins expectedly took an even bigger hit.
