Bitcoin ETFs in the United States experienced a resurgence in inflows on January 15th, as Bitcoin prices briefly soared past $100,000 following the release of the U.S. December Consumer Price Index (CPI) report. According to data from SoSoValue, 12 spot Bitcoin exchange-traded funds recorded a total of $755.01 million in net inflows on that day, breaking a four-day streak of outflows where over $1.2 billion had exited the funds.
The majority of the inflows on January 15th came from Fidelity’s FBTC, which attracted $463.08 million, marking its highest net positive flow since March 7th of the previous year. ARK and 21Shares’ ARKB also saw significant inflows of $138.81 million, a substantial increase from the modest $2.89 million recorded the day before. Additionally, seven other Bitcoin ETFs contributed to the positive momentum, with none of the investment products experiencing any outflows.
The total trading volume for the 12 Bitcoin ETFs on January 15th reached $3.18 billion, significantly higher than the $2.23 billion recorded on the previous trading day. This surge in inflows coincided with Bitcoin briefly surpassing $100,000 to reach a daily high of $100,702 on January 16th, amidst a broader market rally that saw a 1.6% increase, bringing the total market capitalization to $3.63 trillion.
The spike in Bitcoin prices followed the release of the U.S. December CPI report, which showed a 0.4% month-on-month increase in headline CPI and a 2.9% annual increase, in line with expectations. Core CPI, a key inflation indicator, rose 0.2% month-on-month, with an annual rate of 3.2%, slightly below the anticipated 3.3% and November’s reading of 3.3%, indicating a positive trend in underlying inflation.
At the time of reporting, Bitcoin (BTC) was up 2.5% over the past day, trading at $99,359 per coin. In addition to Bitcoin, nine Ether ETFs also experienced a surge in inflows on January 15th, with $59.78 million flowing into the funds compared to the previous day’s $1.15 million. Fidelity’s FETH led the pack with an inflow of $29.32 million, followed by BlackRock’s ETHA with $19.85 million.
Overall, the cumulative total net inflow into these investment vehicles stood at $2.47 billion. Ethereum (ETH) also saw a 4.2% increase over the past day, trading at $3,366. The positive momentum in both Bitcoin and Ethereum ETFs reflects growing investor interest in digital assets as traditional markets continue to face uncertainty.