US Bitcoin ETF pulls $908 million in daily

Key Takeaways

The US Bitcoin ETF recorded $908 million in net inflows – a rebound from the previous day's outflows.
The Fidelity Bitcoin Fund led net flows, with big contributions from BlackRock and ARK Invest funds.

US spot Bitcoin ETFs reached $908 million in net inflows on Friday, reversing from Thursday's $242 million outflow, according to data from Farside Investors.

The iShares BlackRock Bitcoin Trust (IBIT) finished $253 million, ending three days negative current that saw a loss of $392 million. The fund's total net inflows came back to $37 million, with holdings of 548,506 Bitcoin valued at $53.4 billion.

The Fidelity Bitcoin Fund (FBTC) led gains on Friday with $357 million in net inflows – one of its strongest daily performances since launch. FBTC has collected over $12 billion in new investments as of January 3rd.

The ARKB fund, managed by ARK Invest and 21Shares, recorded $222 million in net inflows. Bitwise, Grayscale (BTC), and VanEck funds also posted gains, while other ETF providers reported no flows.

Bitcoin regains the $98,000 mark

Bitcoin Reaches $98,900 Friday, Surpasses $98,000 For First Time Since Dec. 26, CoinGecko data presentations. The digital asset is currently trading above $98,000, showing an increase of 4% over the past week.

Analysts predict a bullish year for Bitcoin, driven by the growth of institutional and national adoption.

Galaxy Research expects five Nasdaq 100 companies and five countries add Bitcoin to their balance sheets in 2025 to diversify their portfolio and meet their trade settlement needs. The company also projects that the US spot Bitcoin ETF will reach $250 billion in assets under management.

Jan van Eck, CEO of VanEck, recommends that investors increase their holdings in Bitcoin and gold through 2025, as these assets offer valuable protection against inflation, fiscal uncertainty, and destabilization trends. global dollarization.

Van Eck projects Bitcoin could reach $150,000 to $170,000. This position is supported by other financial analysts and institutions that recognize Bitcoin's ability to hedge against financial risks.