BlackRock’s IBIT Tops $1.4B in Bitcoin ETF Flows

Bitcoin, Ethereum, and XRP see over $1.4B in new ETF inflows, with BlackRock’s IBIT leading, signaling growing institutional confidence.

Bitcoin’s price has remained strong at around $95,000, supported by a surge in institutional inflows.

In the week from January 12 to 16, U.S. spot Bitcoin ETFs saw over $1.4 billion in net inflows. BlackRock’s IBIT fund led the way with $1.035 billion, showing growing confidence from institutional investors.

This influx of capital is likely to drive Bitcoin’s momentum higher, as institutions continue to recognize the asset’s value.

Institutional Confidence Drives Bitcoin ETF Inflows

The recent surge in Bitcoin ETF inflows reflects a shift in institutional sentiment towards digital assets.

From January 12 to 16, spot Bitcoin ETFs saw a record $1.42 billion in new capital.

BlackRock IBIT fund played a major role in this increase, attracting $1.035 billion of the total.

This shows that institutional investors are increasingly seeing Bitcoin as a viable long-term asset.

The popularity of Bitcoin ETFs is growing due to their ability to offer secure and regulated exposure to Bitcoin.

With institutions investing in these funds, Bitcoin’s standing in the financial world is solidifying.

These funds provide a way for large investors to enter the crypto market without directly purchasing Bitcoin, making it an attractive option for institutions.

Bitcoin’s Price Strength Supported by ETF Inflows

Bitcoin has shown strong price action, holding above $95,000, largely supported by institutional inflows.

Analysts believe the influx of capital from these funds could lead Bitcoin to break resistance around $95,000 and move towards $100,000.

On-chain metrics and technical indicators are also showing bullish signs, suggesting that Bitcoin may have the momentum to continue its upward trajectory.

However, Bitcoin faces key resistance around $95,000 to $96,000. If Bitcoin can trade above these levels with strong volume, it could push toward $100,000.

A drop below $94,500 could signal a short-term pullback, so investors are closely watching these levels for further price action.

Related Reading: BlackRock Withdraws Bitcoin as BTC Slips to $95K Sparking Sell Fears

Ethereum ETFs Reflect Broader Market Sentiment

Ethereum ETFs also saw strong inflows during the same period, with $479 million entering the market.

BlackRock’s ETHA fund led Ethereum’s spot ETFs with $219 million in new inflows. This further highlights the growing institutional interest in Ethereum, alongside Bitcoin.

As institutional investors continue to show confidence in Ethereum, the cryptocurrency is likely to benefit from the same positive momentum driving Bitcoin.

Both Bitcoin and Ethereum are becoming central to the digital asset investment strategies of large institutions.

The increased interest in Ethereum ETFs suggests that institutions are increasingly diversifying their crypto holdings.

As more institutional capital flows into both assets, the market is likely to see continued growth.

Bitcoin and Ethereum continue to show strength with institutional support backing their prices.

The inflows into Bitcoin and Ethereum ETFs highlight the growing adoption of cryptocurrencies by institutional investors.

As these inflows continue, both Bitcoin and Ethereum may continue to push toward new highs, benefiting from strong market momentum and institutional backing.

Source: https://www.livebitcoinnews.com/blackrock-ibit-leads-as-bitcoin-etfs-see-over-1-4b-in-new-inflows/