Monthly Overview
In January 2024, the net flows into spot crypto ETFs were positive, amounting to +$1.5B. The growth was heavily concentrated in Bitcoin, which was the only asset to record inflows this month.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Jan 11 – Jan 12 | +$858.3M |
| Jan 16 – Jan 19 | +$318.1M |
| Jan 22 – Jan 26 | -$416.8M |
| Jan 29 – Jan 31 | +$700.0M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$2.8B
- Fidelity (BTC): +$2.5B
- Bitwise (BTC): +$648.1M
- 21Shares (BTC): +$645.1M
- Invesco (BTC): +$293.8M
Largest outflows
- Grayscale (BTC): -$5.6B
Market Interpretation
Institutional investors primarily directed capital towards Bitcoin, with significant inflows from BlackRock (+$2.8B) and Fidelity (+$2.5B). Conversely, Grayscale saw notable outflows of -$5.6B, indicating a shift away from its products. The strongest performance occurred on January 11, with a daily net inflow of +$655.3M, while the worst day was January 24, which saw a decline of -$158.3M.
Conclusion
The month concluded with Bitcoin as the sole asset contributing to net inflows, totaling +$1.5B. This highlights a significant shift in investor sentiment towards Bitcoin amidst the overall market dynamics.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.