PiCK
"US Bitcoin Spot ETF Sees $7.7 Billion Inflows Last Month, Bullish Trend Continues"
Minseung Kang
Summary
- The US Bitcoin spot ETF recorded net inflows of $5.3 billion in January.
- The BlackRock Bitcoin spot ETF also saw net inflows of $3.2 billion during the same period, bringing its total holdings to 582,874 BTC.
- Bitcoin prices rose by about 10% during the same period, gaining positive attention among investors.
The Bitcoin (BTC) spot exchange-traded fund (ETF) listed in the United States saw net inflows of $5.3 billion (approximately 7.7289 trillion KRW) in January.
On the 1st, hedge fund investor TraderT reported on X (formerly Twitter) that "Bitcoin spot ETF saw net inflows of $5.3 billion last month." During the same period, the Bitcoin price rose by about 10% from $93,300 to $102,400.
Furthermore, "BlackRock ETF purchased an additional 39,56 BTC last month. BlackRock holds a total of 582,874 BTC," he added.
Meanwhile, the BlackRock Bitcoin spot ETF saw net inflows of $3.2 billion last month, which is about 60% of the previous month.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
