Bitcoin ETFs Record $1.42 Billion Inflow, Marking a Notable Resurgence

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A total of $1.42 billion flowed into US spot Bitcoin ETFs last week, marking the best weekly net inflow since early October. This surge highlights a significant revival of investor interest.

Leading the pack was BlackRock’s IBIT, which alone attracted $1.03 billion for the week ended January 16, per SoSoValue. This is its highest weekly intake since October 10.

“The inflows signal renewed institutional demand and conviction in BTC as a long-term asset class, even amid short-term volatility,” noted Nick Ruck of LVRG Research. This sentiment underpinned the week’s activity.

These substantial inflows coincided with Bitcoin’s price ascent toward $97,000, up from roughly $90,500 at the period’s start. However, the momentum faced headwinds over the weekend.

Following news of US-EU geopolitical tensions, Bitcoin corrected downward. It was trading at $92,618 late Sunday, a 2.6% drop, amid a broader climate of risk aversion and liquidations.