U.S. spot Bitcoin ETFs experienced a noticeable increase in investment in January, surpassing the inflows of December.
According to recent data, approximately $5.25 billion flowed into the 12 Bitcoin ETFs in January, compared to $4.53 billion the previous month. The primary driver of this surge in capital was BlackRock’s IBIT, which attracted $3.23 billion, resulting in its assets reaching $59.39 billion by the end of the month, a rise of $7.67 billion.
Fidelity’s FBTC, the second-largest ETF in terms of assets, also saw significant inflows, with an addition of $1.28 billion, increasing its total to $21.76 billion.
Analysts, including Bitwise’s Chief Investment Officer Matt Hougan, predict that the 12 ETFs could collectively attract over $50 billion in inflows throughout 2025, despite monthly fluctuations.
Despite these inflows, the price of Bitcoin experienced a 4.2% drop to $95,500, with the overall market conditions contributing to this decline. Similarly, Ether saw a 16.5% decrease, trading at $2,591.
Although there was initial optimism following the re-election of Donald Trump, the sentiment towards cryptocurrencies has cooled, possibly due to the lack of specific comments related to cryptocurrency since his return to office.