Bitcoin Spot ETF Experiences $5.3 Billion Net Inflow in January, Led by BlackRock and Fidelity

On February 1st, COINOTAG News reported significant movements in the Bitcoin market, highlighted by a robust $5.3 billion net inflow into US Bitcoin spot ETFs for January, as monitored by Trader T. Among the top performers, BlackRock’s BIT ETF attracted $3.2 billion, representing a substantial 60% of the monthly total, and now holds an impressive 582,874 bitcoins after acquiring an additional 30,956 bitcoins. Meanwhile, Fidelity’s FBTC ETF also recorded a noteworthy net inflow of $1.2 billion. These inflows underscore the increasing institutional interest in cryptocurrency investment vehicles, reflecting broader confidence in digital assets amidst evolving market conditions. Such trends not only enhance liquidity but also signify a growing acceptance of Bitcoin as a pivotal component of diversified investment portfolios.