The past week saw a remarkable $1.42 billion net inflow into US spot Bitcoin ETFs, the highest weekly total since October. This resurgence comes after a period of slower activity.
SoSoValue data pinpointed BlackRock’s IBIT as the primary driver, with $1.03 billion in inflows for the week ended January 16. This is the fund’s best week since its record in October.
Nick Ruck, a research director, interpreted the data positively. He views these inflows as evidence of growing institutional commitment to Bitcoin as a core asset, transcending daily volatility.
This financial influx occurred alongside a significant price appreciation for Bitcoin, which neared $97,000. The positive momentum was interrupted by external geopolitical events.
Headlines concerning US-EU tensions contributed to a Sunday sell-off, pushing Bitcoin down 2.6% to $92,618. The dip below $92,500 highlighted ongoing sensitivity to macro risks, even amid strong ETF demand.
