Spot Bitcoin exchange-traded funds (ETFs) saw a significant decrease in inflows on January 7th, as Bitcoin dropped by 5% due to expectations of a more hawkish approach by the Federal Reserve. Rising U.S. bond yields and investor caution ahead of key economic updates also contributed to the drop. The falling Bitcoin price led to a 94% decrease in inflows across the 12 Bitcoin ETFs compared to the previous day. The only BTC ETF to record an inflow was BlackRock’s IBIT, while others experienced outflows. The daily trading volume for these investment products increased to $4.62 billion on January 7th.



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