U.S. Spot Bitcoin ETFs See $1.7B Inflows in Four Days

On Tuesday, Bitcoin exchange-traded funds (ETFs) saw net inflows of $52.4 million. Analyst Nate Geraci reported that this brings the total inflows to $1.7 billion in the first four days of the year.

Spot bitcoin ETFs have taken in $1.7bil over first four trading days of 2025…

I see “no demand” has carried over to this yr.

— Nate Geraci (@NateGeraci) January 8, 2025

Notably, BlackRock’s iShares Bitcoin Trust ETF (IBIT) was the only ETF to record a positive performance on Tuesday. With $596 million in inflows, it marked one of its strongest days.

Meanwhile, other ETFs faced significant losses. The ARK 21Shares Bitcoin ETF (ARKB) saw $212 million in outflows, while Grayscale Bitcoin Trust ETF (GBTC) and Bitwise Bitcoin ETF (BITB) lost $125 million and $114 million, respectively.

Sharp Drop in Bitcoin’s Price

The BTC ETFs’ performance coincided with a sharp drop in Bitcoin’s price, which fell to $95,259. The decline followed the release of key U.S. economic data, reigniting concerns about persistent inflation. Bitcoin plunged nearly 6%, with altcoins experiencing even more significant losses.

The downturn may be tied to the latest U.S. Job Openings and Labor Turnover (JOLT) data, which revealed a 4.8% increase in job openings in November, led by business services. Hiring also rose by 3%, signaling a stronger labor market.

While these figures are positive, fears surrounding the upcoming Consumer Price Index (CPI) report could contribute to the ongoing market decline. Moreover, the Federal Reserve warned of potential inflation in January, and many expect a negative CPI reading.

Decline in U.S. Equities Amid Inflation Concerns

In addition to releasing the JOLT data, which likely contributed to the market downturn, the Institute for Supply Management (ISM) released its December Purchasing Managers’ Index (PMI) for the private service sector. The PMI rose to 54.1 from 52.1 in November, surpassing the forecast of 53.5.

The positive economic data have intensified inflation concerns, contributing to a sharp decline in U.S. equities. The Nasdaq-100 dropped 1.3%, while the S&P 500 slipped by 0.57%. Meanwhile, shares of MicroStrategy (MSTR), the largest corporate holder of BTC, saw a nearly 9% decrease on Tuesday, further reflecting the broader market impact.