U.S. spot Bitcoin exchange-traded funds (ETFs) saw a significant rise in inflows in January, surpassing December 2024 figures. Data from SoSoValue revealed that the 12 spot Bitcoin ETFs collectively attracted around $5.25 billion, up from $4.53 billion in the previous month.
BlackRock (NYSE:BLK)’s IBIT led the inflows with $3.23 billion, pushing its net assets to $59.39 billion by the end of January—an increase of $7.67 billion. Fidelity’s FBTC, the second-largest spot Bitcoin ETF by net assets, also saw strong growth, with $1.28 billion in inflows. This brought FBTC’s total net assets to $21.76 billion, up from $18.87 billion at the start of the month.
Matt Hougan, chief investment officer at Bitwise, shared his outlook over the weekend, predicting that total inflows into the 12 spot Bitcoin ETFs could exceed $50 billion by the end of the year. While acknowledging fluctuations in monthly flows, Hougan remained optimistic, stating, “It’s worth noting, there’s significant month-to-month volatility in flows. Still, I think we end the year north of $50 billion.”
Despite the strong ETF inflows, the cryptocurrency market has faced recent turbulence. Bitcoin dropped 4.2% in the past 24 hours, trading at $95,500 amid a broader market sell-off. Ethereum also experienced a sharp decline, falling 16.5% to $2,591.
Initially, optimism in the crypto market was fueled by President Donald Trump’s return to the White House. However, according to Min Jung, a research analyst at Presto Research, enthusiasm has waned due to the lack of crypto-specific statements from Trump since his inauguration.
