① Farside Investors data shows that last Friday, the single-day spot Bitcoin ETF attracted $0.9081 billion in funds, marking the largest single-day inflow since the end of November 2024; ② This single-day inflow reversed the trend of continuous outflow over the past few weeks; ③ Bitcoin's price is close to $0.102 million, rising 11% in a week, reflecting the market's rekindled optimism about Bitcoin.
According to a report by Financial Associated Press on January 7 (Editor: Zhou Ziyi), asset management company Farside Investors reported that last Friday (January 3), inflows into the spot Bitcoin ETF rebounded, attracting $0.9081 billion in funds, the largest single-day inflow since the end of November 2024.
Based on Farside's data, the inflow of nearly $1 billion marks a dramatic reversal of the significant outflows that occurred for several weeks starting last month until early this month. Notably, on the previous Thursday, there was still $0.2423 billion in outflows.
Additionally, the single-day rebound last Friday 'corrected' the total inflow over three days, reaching $0.6658 billion.
Optimism is making a comeback.
Recently, Bitcoin has resumed its ascent after encountering setbacks last month as investors bet on a cryptocurrency-friendly Trump administration relaxing regulations on Digital Currency.
Moreover, as Bitcoin is increasingly used as a tool to hedge against inflation, some market participants are also driving up its price. The Federal Reserve forecasts an inflation rate of 3% for 2025, exceeding the 2% target.
As of the time of writing, the price of Bitcoin is close to $0.102 million, having risen over 10% in the past week, although it remains below the historical peak of $108,268 reached in mid-December last year.
Currently, the USA has 11 Bitcoin spot ETFs, collectively Holding 1.1 million Bitcoins, accounting for approximately 5.5% of the circulating supply of Bitcoin.
Hong Kong stocks have Bitcoin spot and Futures ETFs respectively. $Samsung Bitcoin Futures Active ETF (03135.HK)$、 $CSOP Bitcoin Futures ETF (03066.HK)$、 $Harvest Bitcoin Spot ETF (03439.HK)$ 、 $Bosera HashKey Bitcoin ETF (03008.HK)$ As of the time of publication, the increase has exceeded 2%.
According to data from Farside, last Friday, Fidelity's Wise Origin Bitcoin Fund (FBTC) led with an influx of 0.357 billion USD; Blackrock's iShares Bitcoin Trust (IBIT) rebounded on the same day, attracting 0.2531 billion USD; ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) attracted 0.2226 billion USD and 61.1 million USD respectively.
In addition, the VanEck Bitcoin ETF (HODL) saw an inflow of 5.6 million USD that day, while Grayscale's Bitcoin Mini Trust added 8.7 million USD in new assets. The large influx of funds helped offset the outflow from the entire market the day before.
This recovery has pushed Fidelity's FBTC to a total inflow of 0.3932 billion USD so far this year, establishing a leading position ahead of the start of 2025. According to its holding report, the fund currently holds 205,510 Bitcoins.
Editor/ping