Important points
The US Bitcoin ETF recorded net inflows of $908 million, rebounding from the previous day’s outflows. Fidelity’s Bitcoin fund led the net inflows, with significant contributions from BlackRock and ARK Investment Fund.
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The U.S. Spot Bitcoin ETF recorded net inflows of $908 million on Friday, rebounding from Thursday’s $242 million outflow, according to data from Pharcyde Investors.
BlackRock’s iShares Bitcoin Trust (IBIT) posted a profit of $253 million, ending a three-day negative streak that saw it lose $392 million. Total net inflows for the fund rebounded to $37 million, with holdings of 548,506 Bitcoins worth $53.4 billion.
Fidelity’s Bitcoin Fund (FBTC) led Friday’s rally with $357 million in net inflows. This is one of the strongest daily performances since launch. FBTC has accumulated over $12 billion in new investments as of January 3.
The ARKB fund, managed by ARK Invest and 21Shares, recorded net inflows of $222 million. Bitwise, Grayscale (BTC), and VanEck funds also posted gains, while other ETF providers reported no flows.
Bitcoin regains $98,000 level
Bitcoin hit $98,900 on Friday, the first time it has exceeded $98,000 since Dec. 26, according to data from CoinGecko. This digital asset is currently trading at over $98,000, marking a 4% rise over the past week.
Analysts predict a strong year for Bitcoin due to increased institutional and domestic adoption.
Galaxy Research predicts that five Nasdaq 100 companies and five countries will add Bitcoin to their balance sheets in 2025 to diversify their portfolios and meet their trade settlement needs. The firm also predicts that U.S. Bitcoin Spot ETF assets under management will reach $250 billion.
Jan Van Eck, CEO of VanEck, advises investors that Bitcoin and gold provide valuable protection against inflation, fiscal uncertainty, and global de-dollar trends. It recommends increasing your Bitcoin and gold holdings until 2025.
Van Eck predicts that Bitcoin could reach $150,000 to $170,000. This stance is supported by other financial analysts and institutions who recognize Bitcoin’s potential to hedge financial risks.
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