ETF inflows resume for Bitcoin and Ethereum, but weak technicals keep prices cautious despite strong corporate demand.
Crypto markets showed mixed but improving signals on Monday as Bitcoin and Ethereum spot exchange-traded funds (ETFs) returned to net inflows for the first time in days. But although this shift points to renewed interest from institutional investors, price trends remain cautious. At the same time, large corporate purchases and long-term supply themes continue to shape market expectations.
Bitcoin Spot ETFs Return to Net Inflows as Fidelity and Grayscale Lead
U.S. spot Bitcoin ETFs recorded a combined net inflow of about $117 million on January 12, breaking a four-day stretch of withdrawals. Buying activity was led by Fidelity’s FBTC, which brought in roughly $111.75 million.
Grayscale products also added to the positive total, with GBTC attracting $64.25 million and BTC gaining $4.85 million. VanEck’s HODL was among the daily winners after pulling in investments worth $6.48 million.
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Meanwhile, BlackRock’s IBIT’s $70.66 million investment loss partially offset those sector-wide gains. Most other spot Bitcoin ETFs reported little to no movement. Even so, the overall positive figure suggests buyers returned after a short pause, with demand focused on a small group of products.
Following the latest trading session, cumulative net inflows across U.S. spot Bitcoin ETFs reached $56.52 billion. Total net assets stood at $118.65 billion, equal to about 6.49% of Bitcoin’s total market value. Daily trading volume reached $3.14 billion, keeping these investment products central to BTC’s market activity.
Bitcoin Trades Below 200-Day Average Despite Inflow Recovery
Currently, the first-born coin is hovering around $91,982 following a modest intraday uptick. However, it remains below the 200-day SMA, keeping short-term sentiment tilted to the bearish side despite the bounce in ETF flows.
Several key forces are shaping Bitcoin’s near- and long-term outlook:
- Spot ETF demand has started to recover after recent redemptions.
- Corporate accumulation continues to reduce the available supply.
- The upcoming halving is expected to cut new issuance.
- Liquidity remains strong, supporting active participation.
As exposure to ETFs increased, corporate buyers remained active during the period. Michael Saylor’s firm purchased 13,627 Bitcoin between January 5 and 11, spending about $1.25 billion at an average price of $91,519 per coin. The move reinforced the company’s position as the largest corporate holder of Bitcoin.
Some market observers believe the combination of spot ETFs and the halving could tighten supply enough to drive sharp price gains over time. In fact, long-range targets extend as high as $1 million per Bitcoin.
Ethereum Price Stays Under Pressure Despite ETF Inflow Rebound
Similar to BTC-linked investment products, Ethereum ETFs also showed signs of recovery on Monday. Spot Ethereum funds posted $5.04 million in net inflows after a three-day run of outflows. Grayscale’s ETHE and ETH products led the rebound, while BlackRock’s ETHA recorded sizable withdrawals.
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At the time of writing, Ethereum is exchanging hands below $3,150 and remains in a bearish phase. Technically, support sits near $3,050, with resistance around $3,120 and $3,180.
Even though ETF flows turned modestly positive, the relative strength index hovered close to the neutral zone of 50. And as a result, it has left question marks over the asset’s momentum.