- Bitcoin ETFs have recorded an unprecedented $3.7 billion in net inflows over six days, with daily trading volumes exceeding $10 billion for the first time since March 2024.
- Notably, market optimism is driven by President Trump’s pro-crypto initiatives and the upcoming Federal Reserve meeting, as Bitcoin hovers near $105,000, just below its $109,600 peak.
The cryptocurrency market has witnessed a remarkable surge in Bitcoin ETF activity, with net inflows hitting an astonishing $3.7 billion over the past six trading days. This streak, running from January 15 to January 24, underscores a renewed investor appetite for Bitcoin-backed exchange-traded funds amid a whirlwind of crypto-related developments, including bold policy moves from President Donald Trump.
Record-Breaking Bitcoin ETF Activity
Bitcoin ETFs have demonstrated exceptional performance during this period, with inflows peaking at over $1 billion on January 17 and surpassing $800 million on January 21, according to SoSoValue data. Nate Geraci, President of ETF Store, called the figures “ridiculous,” reflecting the unprecedented scale of interest.
While everything else is going on, spot bitcoin ETFs have quietly taken in $3.7bil over past 6 days…
*$3.7bil*
That’s a ridiculous number.
— Nate Geraci (@NateGeraci) January 24, 2025
Notably, on Thursday, January 23, Bitcoin ETFs crossed a significant milestone, trading over $10 billion in daily volumes for the first time since March 2024. This surge in trading activity suggests heightened investor confidence and growing institutional participation.
Historical Parallels: A New ATH on the Horizon?
The last time Bitcoin ETF volumes exceeded $10 billion in a single day was on March 6, 2024. That milestone preceded a 17% rally, culminating in Bitcoin’s then all-time high near $74,000 just a week later. Today, Bitcoin hovers around $105,000, shy of its current all-time high of $109,600. This recent spike in ETF volumes has sparked speculation about whether another significant price run-up is imminent.
Several factors could influence Bitcoin’s trajectory. President Trump’s proactive stance on cryptocurrency, including his recent executive order exploring a national crypto stockpile, has added bullish sentiment to the market. Furthermore, his meme coin launch has captivated attention, signaling potential policy alignment with broader crypto adoption.
However, the outcome of the upcoming Federal Open Market Committee (FOMC) meeting will also play a pivotal role. Market watchers are keen to see whether economic policies will provide additional tailwinds for Bitcoin.
The Road Ahead
While Bitcoin’s price remains steady, the unprecedented inflows into Bitcoin ETFs highlight the asset’s growing appeal among institutional and retail investors alike. If history repeats itself, the surge in ETF activity could foreshadow another rally, potentially pushing Bitcoin past its $109,600 peak.
As the crypto market aligns with evolving regulatory and policy dynamics, one thing is clear: Bitcoin’s position as a leading financial asset continues to strengthen. Whether this momentum will lead to a new all-time high remains to be seen, but the recent data offers plenty of reasons for optimism.
Investors will be closely watching the market’s next moves, as Bitcoin ETFs continue to break records and set the stage for what could be another defining moment in the cryptocurrency’s storied history.
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