U.S. spot Bitcoin exchange-traded funds pulled in a massive $753.7 million on Tuesday, marking the largest single-day net inflow since Oct. 7 of last year and signaling a powerful return of institutional capital after year-end portfolio adjustments.
FBTC Leads the Pack; IBIT, BITB Also Strong
According to data from SoSoValue, all 12 Bitcoin spot ETFs listed in the U.S. recorded net inflows totaling $753.7 million on Jan. 14. Fidelity's FBTC led the group with $351 million, followed by Bitwise BITB at $159 million and BlackRock's IBIT at $126 million. The top three products alone accounted for over 80% of the day's total inflows.
Ether ETFs Join the Rally, Driven by Macro and Policy Catalysts
The inflow momentum spilled over into the Ethereum ecosystem. Ether spot ETFs saw net inflows of $130 million on the same day, reflecting a broader recovery in confidence toward crypto assets. Nick Ruck, research director at LVRG Research, remarked that the ETF capital revival indicates a full rebound in institutional demand, with investors actively reallocating capital after a cautious phase late last year.
Two key drivers fueled the capital influx. On the macro front, Tuesday's U.S. CPI report showed that while prices remain elevated, they have fallen significantly from their peak, reinforcing expectations of a Fed rate cut and boosting demand for risk assets. On the policy side, the Senate Banking Committee is preparing to revise and vote on a crypto market structure bill on Thursday, which markets expect to provide a clearer legal framework for digital assets.
Spot Buying Dominates, Analyst Calls It a Structural Tailwind
The capital surge directly lifted prices. Bitcoin rose 3% in the past 24 hours to $94,610, while Ether jumped 6.21% to $3,324. Vincent Liu, CIO at Kronos Research, analyzed that the rally is largely driven by continuous ETF accumulation, with absorption speed far exceeding miner output, creating a structural tailwind. He also noted that forced covering of over-leveraged short positions added upward pressure, and the move has been led by spot buying rather than leveraged speculation.
Liu added that clearer regulatory prospects and improving macroeconomic conditions are paving the way for more traditional capital to enter crypto via ETFs. The spot-driven rally structure is relatively healthy, and the sustainability of ETF inflows will be key to watch going forward.