On January 15, spot Bitcoin ETFs in the United States saw a return to inflows as the cryptocurrency price briefly surpassed the $100,000 mark following the release of the latest US Consumer Price Index (CPI) data.
Brief Cryptocurrency Surge
Bitcoin reached a daily high of $100,702 amid a broader market rally that gained 1.6%, pushing the total market capitalization to $3.63 trillion. This surge followed the release of December Consumer Price Index data in the US, resulting in positive market sentiment.
Analysis of Bitcoin ETF Inflows
According to SoSoValue data, 12 spot Bitcoin ETFs recorded $755.01 million in inflows, breaking a four-day outflow streak totaling $1.2 billion. Notably, Fidelity’s FBTC and ARK with 21Shares’ ARKB attracted inflows of $463.08 million and $138.81 million, respectively. Other funds such as Grayscale's GBTC and Biwise's BITB also contributed to the positive day with no outflows recorded.
Cryptocurrency Market Situation
Alongside Bitcoin, Ether ETFs saw significant inflows of $59.78 million on January 15. Leading the charge were Fidelity’s FETH and BlackRock’s ETHA. The total trading volume for the 12 Bitcoin ETFs was $3.18 billion, considerably higher than previous levels.
The resurgence of inflows into US spot Bitcoin ETFs coincided with the brief surge in cryptocurrency prices. This event was part of a broader positive trend in the cryptocurrency markets driven by favorable macroeconomic data.
