Institutional Appetite Returns: Bitcoin ETF Inflows Hit $1.4 Billion
US-listed spot Bitcoin ETFs witnessed a powerful $1.42 billion in net inflows last week, the strongest weekly showing since October. This points to a return of institutional capital.
BlackRock’s IBIT product dominated, capturing $1.03 billion of the total for the week ending January 16, according to data aggregators. The last time weekly totals were this high was in early October.
According to LVRG Research’s Nick Ruck, this movement is telling. He says it demonstrates sustained institutional belief in Bitcoin’s long-term viability, regardless of near-term price swings.
The inflow surge helped propel Bitcoin’s price from about $90,500 to nearly $97,000 during the week. The rally, however, lost steam as the weekend progressed.
Bitcoin retreated to $92,618 by Sunday night, influenced by macro fears and news of US-EU discord. Ruck suggested the earlier inflows still indicate accumulation that may support prices despite the current dip.
