Bitcoin ETF experiences 3 consecutive days of net inflow, BlackRock absorbs $648 million in a single day

According to the latest news, Bitcoin spot ETFs continue to show strength, with a single-day net inflow of $844 million on January 14 (Eastern Time), marking the third consecutive day of net inflows. Among them, BlackRock’s IBIT led with a single-day net inflow of $648 million, followed by Fidelity’s FBTC with $125 million. More notably, the total net asset value of Bitcoin ETFs has surpassed $128 billion, with a cumulative net inflow of $58.117 billion in history, indicating that institutional enthusiasm for Bitcoin allocation remains high.

BlackRock Dominates, Institutional Segmentation Clearly Visible

Daily Inflow Comparison

BlackRock’s IBIT has become the absolute leader in Bitcoin ETF inflows. From the data, IBIT’s single-day net inflow accounts for 76.8% of total inflows, and its total net inflow has reached $63.11 billion, far surpassing Fidelity. This reflects that as the world’s largest asset management firm, BlackRock’s attitude toward Bitcoin directly influences the entire institutional market direction.

Institutional Allocation Ratio Reaches New High

As of press time, the total net asset value of Bitcoin spot ETFs has reached $128.044 billion, and the ETF’s net assets account for 6.56% of Bitcoin’s total market capitalization. This means that the scale of Bitcoin held by institutions through ETFs is already considerable, setting a new record. When the Bitcoin spot ETF launches in January 2024, no one expected it to reach this scale in just over a year.

Three Signals Behind Continuous Net Inflows

Signal 1: Stable Institutional Demand

Three consecutive days of net inflows indicate this is not just a temporary enthusiasm but a sustained allocation demand from institutional investors. Compared to the occasional large inflows at the end of last year, this steady daily net inflow better reflects institutional recognition of Bitcoin’s long-term value.

Signal 2: Friendly Policy Environment

Relevant news shows that the Trump administration is considering appointing BlackRock executive Rick Rieder as Federal Reserve Chair. Rieder has stated that Bitcoin should be part of an “ideal investment portfolio.” This kind of policy-level friendliness removes policy risks for institutions to continue allocating Bitcoin.

Signal 3: ETF Scale Effect Becomes Evident

The $128 billion asset scale is already large enough to make ETFs an important market participant. This scale effect may attract more institutional investors, creating a positive feedback loop.

Correlation with Price Trends

According to the latest market data, Bitcoin’s price is around $96,210, with a 7-day increase of 5.74%. The continuous net inflow of ETFs correlates positively with the price rise, indicating that institutional investors are increasing their holdings based on optimism about the market outlook. However, it is important to note that historical data shows ETF redemptions (net outflows) can sometimes lead to selling pressure, so whether the continuous inflow can be maintained remains to be seen.

Summary

The three consecutive days of net inflows into Bitcoin spot ETFs demonstrate three key facts: first, leading institutions like BlackRock still have strong demand for Bitcoin allocation; second, the ETF scale has reached a level capable of influencing the market; third, a friendly political environment has cleared obstacles for institutional accumulation. Currently, the ETF’s net assets account for 6.56% of Bitcoin’s total market cap, hitting a new high, and this number is still rising. For the Bitcoin market, continuous institutional capital inflows have become an important support force. The key going forward is to observe whether this inflow can be sustained as Bitcoin’s price breaks new highs.