Spot Bitcoin exchange-traded funds (ETFs) in the United States faced a fourth consecutive day of outflows on January 14, while Ethereum ETFs experienced a shift to inflows. This data, provided by SoSoValue, shows that the 12 Spot Bitcoin ETFs logged net outflows of $209.82 million, extending their outflow streak to four days, during which more than $1.2 billion left the funds.
The lion’s share of the outflows came from BlackRock’s IBIT, which saw an outflow of $219.48 million, followed by Bitwise’s BITB with an outflow of $8.93 million. However, not all Bitcoin ETFs experienced outflows. WisomTree’s BTCW managed to reverse part of these outflows with an inflow of $10.24 million. Similarly, VanEck’s HODL and ARK 21Shares’ ARKB saw inflows of $5.46 million and $2.89 million, respectively. The remaining Bitcoin ETFs maintained a neutral stance on the day.
The total trading volume for the 12 Bitcoin ETFs was significantly lower than the previous trading day, at $2.23 billion, compared to the $3.17 billion recorded earlier.
This development is particularly noteworthy, given that Bitcoin surged past $97,000 to reach a daily high of $97,705 on January 15. This surge was part of a broader market rally that grew by 1.3% over the day, bringing the total market capitalization to $3.53 trillion.
The surge came on the heels of a report from the Bureau of Labor Statistics that indicated a cooler-than-expected inflation rate. The producer price index, a measure of wholesale inflation, rose by only 0.2% in December, falling short of the 0.4% increase projected by economists polled by Dow Jones. At the time of writing, Bitcoin was still up 2.3% over the past day, exchanging hands at $96,986 per coin.
In contrast, the nine Ether ETFs recorded an inflow on January 14, marking the end of a four-day streak of outflows that saw over $354 million leave the funds. Interestingly, all of the inflows came from Bitwise’s ETHW, which attracted $1.15 million from investors. None of the other Ethereum ETFs saw any trading activity on the day.
The cumulative total net inflow into these investment vehicles stood at $2.41 billion. At the time of writing, Ethereum was also up 2%, trading at $3,228 per coin.
