On January 22, spot Bitcoin exchange-traded funds (ETFs) in the US experienced a slowdown as Bitcoin retraced back to around $102k. Data from SoSoValue showed that inflows into spot Bitcoin ETFs dropped by 69% from the previous day, with total inflows reaching $248.65 million. The majority of inflows came from BlackRock's IBIT. Grayscale's GBTC recorded outflows of $47.93 million, while Bitwise's BITB and ARK 21Shares' ARKB also saw investors withdrawing funds. Despite the dip in inflows, spot Bitcoin ETFs recorded their fourth consecutive day of inflows, accumulating over $3.5 billion during this period. The total trading volume for these investment products was $2.97 billion, with cumulative total net inflows since launch day standing at $39.23 billion. The slowdown in inflows coincided with a 3% dip in Bitcoin's price. On another note, President Trump's newly appointed interim SEC chair, Mark Uyeda, launched a crypto task force led by Commissioner Hester Peirce on January 22. This task force aims to establish a clear regulatory framework for crypto assets and could potentially pave the way for the approval of a wider variety of crypto ETFs.



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