US spot Bitcoin ETFs saw a significant rebound in net inflows on Friday, with $908 million coming in after a $242 million outflow the day before. BlackRock's iShares Bitcoin Trust saw $253 million in net inflows, ending a three-day losing streak. Fidelity's Bitcoin Fund had one of its strongest daily performances since launch, garnering $357 million in net inflows. The ARKB fund, Bitwise, Grayscale, and VanEck funds also reported gains. Bitcoin itself reached $98,900, its highest point since December 26, and is currently trading above $98,000, marking a 4% increase over the past week. Analysts are predicting a bullish year for Bitcoin due to increasing institutional and national adoption. Galaxy Research forecasts that five Nasdaq 100 companies and five nations will add Bitcoin to their balance sheets by 2025, and the firm also projects that US spot Bitcoin ETFs will reach $250 billion in assets under management. Jan van Eck, CEO of VanEck, recommends increasing investments in Bitcoin and gold through 2025 as they provide protection against inflation, fiscal uncertainty, and global de-dollarization trends. Van Eck further estimates that Bitcoin could reach $150,000 to $170,000, a view supported by other financial analysts and institutions acknowledging its potential as a hedge against financial risks.
- Content Editor ( cryptobriefing.com )
- 2025-01-04
US Bitcoin ETFs draw $908 million daily inflows