Since the launch of spot Bitcoin ETFs, there has been a net inflow of 10,667 BTC into these funds, indicating strong investor interest amid increasing trading volumes. CC15Capital reported that ETFs saw a net inflow of $440 million worth of BTC on January 17, with BlackRock’s spot ETF accounting for the majority at approximately $358 million or 8,700 BTC.
Data also reveals that, excluding Grayscale, nine spot ETFs have received about 68,500 BTC since their inception, holding around $2.8 billion in Bitcoin. The recent purchases linked to ETFs partially offset ongoing outflows from Grayscale Bitcoin Trust, which sold 10,824 BTC (worth about $445 million) after converting to a spot ETF, leading to approximately 38,000 BTC leaving GBTC.
Bloomberg ETF analyst Eric Balchunas highlighted a 34% increase in daily volume for new spot Bitcoin ETFs since their fifth day of trading, a rare trend compared to the usual post-launch decline. He emphasized the high interest in spot Bitcoin ETFs, noting that the reported trading volume figures might be delayed due to issuers’ late reporting of BTC purchases.
Another Bloomberg analyst, James Seyffart, noted that investor influx into new ETFs resulted in BlackRock and Fidelity’s spot Bitcoin ETFs each reaching over $1 billion in value during the January 18 trading session. Balchunas also ranked BlackRock and Fidelity’s spot Bitcoin ETFs fourth and fifth respectively in weekly capital inflows among all U.S. spot Bitcoin ETFs.
CC15Capital shared that Bitwise’s ETF was the only asset management company to report its Bitcoin assets as of January 18, with an inflow of 491 BTC on that day. Bitwise CEO Hunter Horsley expressed gratitude for the trust in managing client assets, with over $20 million entering BITB on January 18.