BCGAME - Free 5BTC Daily Bonus!The last few weeks have been a time of great movement in the market, with Bitcoin hovering around the $100 mark. In this scenario, Bitcoin and Ethereum spot exchange-traded funds (ETFs) in the US have just received a combined injection of more than $1,1 billion on January 6. The movement signals high confidence in the cryptocurrency market.
In a significant development, Bitcoin recently broke through the $100 barrier for the first time since December 19. But what really caught the eye was the performance of ETFs. Spot Bitcoin-based products, specifically, raked in an impressive $978,6 million, according to data from the platform Farside.
Leading the wave of investment was Fidelity’s FBTC fund, with a whopping $370,2 million. In addition, BlackRock’s IBIT and Ark Invest’s ARKB also saw notable net inflows, with $209,1 million and $152,9 million, respectively. Other funds, such as Grayscale’s GBTC and BTC, Bitwise’s BITB, VanEck’s HODL, and Franklin Templeton’s EZBC, also contributed to this amount.
This performance surprised many industry experts. Bloomberg ETF analyst Eric Balchunas said he expected a more challenging period for bitcoin funds, given the dip below $100.
“I would have predicted a rough patch for btc ETFs given the dip below $100k (overdue for a break) but no, they roared back with nearly $1 billion on Friday which took the 1W to net positive. Good sign. Scoring was also spread out, Dream Team style – also a good sign,” stated.
With this new momentum, cumulative net inflows into US spot Bitcoin ETFs have now reached $37,1 billion since their launch almost a year ago. An impressive figure that demonstrates the growing interest and confidence of investors in this market.
Meanwhile, spot Ethereum ETFs saw net inflows of $128,7 million yesterday. The volume was led by BlackRock’s ETHA fund, which saw inflows of $124,1 million. Fidelity’s FETH fund saw inflows of $4,6 million, with the rest of the products seeing zero inflows as of Jan. 6, according to the data from Farside.
Bitcoin today 07/01/2025: BTC surpasses US$ 102 thousand with market excitement over Trump's return
O Bitcoin price today 07/01/2025 is showing a notable rise in the last 24 hours, which has put the asset back above the US$ 100 thousand mark. Yesterday, the asset surprised by starting an upward movement, reaching over US$ 102 thousand.
The recent rally comes amid the “Trump Trade,” which highlights the market’s excitement over Donald Trump’s return to the US presidency, which is set to take place in two weeks. This upcoming event may be driving Bitcoin’s price surge since last weekend.
Yesterday, Bitcoin traded as low as $98.723 before beginning its upward movement and peaking at $102.512, according to market data.
