US Bitcoin ETFs Attract $908 Million in Daily Inflows

Key Takeaways:

– Bitcoin ETFs in the U.S. saw a substantial rebound with $908 million in net inflows on Friday, following a $242 million outflow just the day before.
– Fidelity’s Bitcoin Fund led the inflows, amassing $357 million, followed by BlackRock and ARK Invest funds, which also posted significant gains.

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### U.S. Bitcoin ETFs Experience Major Inflows

U.S. spot Bitcoin ETFs witnessed a significant turnaround on Friday, drawing $908 million in net inflows after suffering a $242 million outflow the previous day. This recovery highlights the growing investor interest in Bitcoin-backed financial products.

Leading the charge was Fidelity’s Bitcoin Fund (FBTC), which recorded a daily net inflow of $357 million—one of its strongest performances since inception. FBTC has now amassed over $12 billion in investments as of early January.

BlackRock’s iShares Bitcoin Trust (IBIT) also played a pivotal role in the recovery, bringing in $253 million after experiencing three consecutive days of outflows. The trust’s total net inflows now stand at $37 million, with holdings of 548,506 Bitcoin valued at $53.4 billion. ARK Invest’s ARKB fund saw $222 million in inflows, marking another strong day in the Bitcoin ETF space.

Other notable gains came from funds managed by Bitwise, Grayscale, and VanEck, while some ETF providers reported no activity.

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### Bitcoin Breaks Above $98,000

The recent surge in demand has helped push Bitcoin prices higher. On Friday, the cryptocurrency surpassed the $98,000 mark, climbing to $98,900—the highest level since late December. Bitcoin has now risen by 4% over the past week, signaling strong momentum heading into the year.

Analysts remain optimistic, predicting a bullish trajectory for Bitcoin fueled by increasing institutional and governmental adoption. According to market forecasts, more companies and nations are expected to integrate Bitcoin into their portfolios in the near future.

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### Bright Outlook for Bitcoin ETFs

Experts anticipate continued growth in the Bitcoin ETF market, with projections suggesting that U.S. spot Bitcoin ETFs could reach $250 billion in assets under management in the coming years.

Jan van Eck, CEO of VanEck, has recommended that investors prioritize Bitcoin and gold through 2025. These assets are seen as robust hedges against inflation, economic uncertainty, and global trends such as de-dollarization.

In line with this outlook, Bitcoin is projected to rise substantially, with some estimates placing its value between $150,000 and $170,000 in the foreseeable future.

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By building on its expanding institutional acceptance, Bitcoin continues to cement its position as a crucial asset class in the broader financial landscape. As ETF inflows surge and prices climb, the cryptocurrency looks poised for a promising year ahead.