Bitcoin News

Bitcoin ETF Inflows Resume On Core CPI Drop, BTC To Hit New ATH?

Inflows into spot Bitcoin ETF have resumed once again shooting to $755 million on Wednesday as institutions buy Bitcoin dips on core CPI drop.
Published by
Bitcoin ETF Inflows Resume On Core CPI Drop, BTC To Hit New ATH?

Highlights

  • Fidelity Bitcoin ETF (FBTC) led the inflows with $463 million, while Ark Invest's ARKB attracted $138 million
  • Interest in Bitcoin ETFs is expanding internationally as Thailand seeks to approve its first Bitcoin ETF.
  • A core CPI inflation drop to 3.2% sparked a rally in both equities and crypto markets
  • On-chain data shows increased accumulation by wallets holding over 10 BTC supporting BTC price move above $100K.

Spot Bitcoin ETF registered net positive inflows on Wednesday following the drop of core CPI signaling cooling inflation, thereby triggering a rally in global equity and crypto markets. Yesterday, BTC ETFs registered net inflows of $755 million with Fidelity’s FBTC leading the charge with $463 million in inflows. Following the 100-point surge in the S&P 500, the BTC price also made a move past $100K level.

Advertisement

Bitcoin ETF Inflows Resume Again

After four consecutive trading sessions of outflows, the spot Bitcoin ETF witnessed strong inflows on Wednesday led by Fidelity. These Bitcoin investment products scooped more than 7,548 Bitcoins from the market against the daily BTC production of 450 BTC.

Source: HODL15Capital

As shown above, Fidelity’s FBTC saw inflows totaling $463 million, leading the pack, while Ark Invest’s ARKB came second clocking $138 million of inflows.

Although BlackRock’s iShares Bitcoin Trust (IBIT) saw only $31 million in inflows, it clocked a massive $2.35 billion in trading volumes. On the other hand, Fidelity’s FBTC clocked $284 million in trading volumes. Asset managers are working to expand its Bitcoin offerings to other global markets as well. Earlier this week, BlackRock launched a Bitcoin ETF variant on CBOE Canada.

Apart from the US, the demand for Bitcoin ETFs continues to remain strong. Hunter Horsley, CEO of Bitwise Invest stated that they have continued to receive inquiries from other nation-states as well. He said:

“We just provided some information for a nation state asking about Bitcoin ETFs. Considering moving some exposure from foreign currency govt bonds into BTC. Bitcoin is entering a new chapter”.

Advertisement

Core CPI Drop Fuels Market Optimism

The Consumer Price Index (CPI) for December rose by 2.9%, aligning with market expectations. Meanwhile, Core CPI inflation, which excludes food and energy prices, dropped to 3.2%, slightly below the anticipated 3.3%. This was enough to send global equities and crypto market soaring high on Wednesday.

The S&P 500 closed with a gain of more than 100 points in yesterday’s trading session, fueled by an unexpected drop in core CPI inflation. The index added an impressive $900 billion in market capitalization during the trading session.

Advertisement

Will Bitcoin Price Sustain Above $100K to Hit New ATH?

On-chain data shows that the current BTC rally is backed by strong fundamentals. According to blockchain analytics firm Santiment, the accumulation of wallets holding more than 10 BTC has resumed once again after stagnating during the second half of December and early January.

Source: Santiment

Similarly, the number of non-empty wallets has been declining over the past six weeks, as many small retail traders are cashing out profits and attempting to time the market peak. The data supports a further rise in BTC in the coming days.

Along with strong inflows into Bitcoin ETF, the BTC price also swiftly moved above $100K before retracing back under that crucial support. As of press time, the Bitcoin price is trading 2.34% up at $99,597 with daily trading volumes up by 5.38% to $58 billion. As per the Coinglass data, the 24-hour liquidations have shot to more than $83 million of which $58 million is in short liquidations.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up

Bitcoin critic and renowned economist Peter Schiff has challenged Binance co-founder Changpeng "CZ" Zhao to…

October 23, 2025
  • News

Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume

Crypto exchange Robinhood has listed Hyperliquid's native token HYPE for its U.S. clients. This comes…

October 23, 2025
  • News

Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow

The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data…

October 23, 2025
  • Bitcoin News
  • News

US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?

The “Trump insider whale” has begun closing its Bitcoin short positions just as the U.S.…

October 23, 2025
  • News

Just-In: Changpeng “CZ” Zhao Counters Peter Schiff, Says “Tokenizing Gold Is Not On-Chain Gold”

Binance founder Changpeng "CZ" Zhao debunked economist Peter Schiff's views on tokenizing gold. CZ claimed…

October 23, 2025
  • News

$240 Million Hacked Crypto Exchange WazirX Reopens Deposits But Faces Community Backlash

Indian crypto exchange WazirX has taken key steps toward resuming full operations, with INR and…

October 23, 2025