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Is $100k BTC Price Back in Play? Bitcoin ETFs Record Largest Inflow Since October Crypto Crash

Michael Adeleke
1 day ago
Michael Adeleke

Michael Adeleke

Crypto Journalist
Expertise : Cryptocurrency, Blockchain, DeFi
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal 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.

Highlights

  • Spot Bitcoin ETFs recorded $697 million in inflows, their largest single-day inflow since October
  • Bitcoin price opens the year strong, climbing above $94,000.
  • Total ETF inflows exceeded $1.16 billion in the first two trading days of the month.

The BTC price has started this year in greater strength, and analysts have now started calling for a return to $100,000 per coin. This also comes when spot Bitcoin ETF products experienced their biggest inflows yet since the crypto crash in October.

Bitcoin ETF See Biggest Inflows in Months

The BTC price continued to strengthen its momentum, moving above the $94,000 mark with ease as the overall cryptocurrency market saw an improvement in momentum. Adding to the positive momentum, spot Bitcoin ETF products saw the largest single-day net inflow since October.

According to data from SoSoValue, the spot BTC ETF fund cumulatively saw $697.25 million worth of net inflows on Monday. Adding this to the $471.14 million that were added last Friday, total inflows for the first two trading days of the month have now exceeded $1.16 billion.

Source: SoSoValue

IBIT from BlackRock had the highest inflow in the list, grossing $372.47 million. This was followed by FBTC from Fidelity, which had $191.2 million. Bitwise’s fund, BITB, saw an inflow of $38.5 million, followed by ARKB from ARK Invest, which had an inflow of $36 million. There were also other funds that had net inflows.

It is pointed out that the synchronized buying trend is closer to portfolio rebalancing, particularly as the BTC price has maintained itself above the $90,000 mark during the trading day.

The fresh demand in the ETF market comes amidst recent on-chain activities performed by BlackRock that caused temporary market volatility. Just a week ago, the massive asset management company transferred 1,134 BTCs, valued at $101 million, to the Coinbase exchange.

Data from Arkham shows that the transfer was probably associated with ETF outflows seen on December 31. This transfer of funds came after the expiry of crypto options worth $2.2 billion.

Experts Go Bullish, Forecast BTC Price Return to $100,000

As the crypto prices turn bullish, some experts believe the run towards $100,000 may be in play once again. Crypto expert Michaël van de Poppe said the level of inflows into the Bitcoin ETF reduces the chance of any strong pullback.

Source: X

The data from the options market also indicates an increase in the optimism of traders. The strike of $100,000 for the call option has started being preferred by the traders.

In other markets, the Solana ETF products experienced net inflows of $16.8 million on Monday. Thus, the total inflows surpassed over $1.09 billion. In the Bitwise ETF product, the Bitwise Solana Staking ETF recorded $12.47 million.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal 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.

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About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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.
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