As reported by SoSoValue, Bitcoin exchange-traded funds (ETFs) saw a collective inflow of approximately $52.4 million on Tuesday.
Over these initial four trading days of the new year, these items have successfully drawn in approximately $1.7 billion, as reported by analyst Nate Geraci.
2025 saw a continuous inflow of approximately $1.7 billion into Bitcoin ETFs during their first four trading days of the year, demonstrating that the lack of demand from earlier hasn’t persisted in 2025.
— Nate Geraci (@NateGeraci) January 8, 2025
On Tuesday, it was just the iShares Bitcoin Trust ETF (IBIT) that saw gains among all ETFs. With a substantial inflow of approximately $596 million, it marked one of the fund’s best performance days ever.
It’s been noted that many other ETF products have struggled to keep up, and the ARK 21Shares Bitcoin ETF (ARKB) has experienced a significant loss of approximately $212 million.
Over the specified period, a combined total of $239 million was withdrawn from the Grayscale Gravity Bitcoin Trust ETF (GBTC) and Bitwise Bitcoin ETF (BITB).
According to U.Today’s report, the Bitcoin price dropped significantly to a minimum of $95,259 due to renewed worries about inflation that might persist longer than anticipated following the release of key U.S. economic data.
In a significant drop, the primary digital currency fell approximately 6%, with top alternative currencies experiencing an even larger decline as anticipated.
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2025-01-08 11:21