Bitcoin ETFs Log $1B Inflows During 50% Drawdown

US-listed spot Bitcoin ETFs recorded $1.02 billion in net inflows between Tuesday and Thursday, despite Bitcoin trading significantly below its peak. This inflow surge followed five consecutive weeks of net outflows, totaling $2.82 billion in the last two weeks of January. ETF analyst Nate Geraci noted that while there have been about $6.5 billion in outflows since Bitcoin's early October high, this is modest compared to the $55 billion absorbed since January 2024, suggesting newer ETF investors are unfazed by the recent drawdown. BlackRock’s IBIT led the rebound with $275.82 million in inflows on Thursday. Furthermore, altcoin ETFs also saw positive movement, with spot Ether ETFs adding $173 million over the same period. Analysts view these sustained inflows as a potential indicator that aggressive selling pressure may be easing, although a sudden V-shaped recovery is considered unlikely.

(Source：Cointelegraph)