Bitcoin ETF inflows cool off as BTC slips back to $102k

Bitcoin spot exchange-traded funds in the United States saw a slowdown on January 22 as BTC returned to around $102,000.

According to data from SoSoValue, inflows into spot Bitcoin ETFs fell 69% from the previous day, hitting $248.65 million on Wednesday. All inflows that day came from BlackRock’s IBIT, which attracted $344.28 million from investors.

Grayscale’s GBTC saw outflows of $47.93 million, while Bitwise’s BITB and ARK 21Shares’ ARKB added to the negative momentum, with investors withdrawing $34.67 million and $13 million, respectively. 02 million dollars of funds.

The remaining BTC ETFs remained unchanged that day. Despite the decline in inflows, Bitcoin spot funds extended their inflow streak to four consecutive days, accumulating over $3.5 billion during this period.

The total trading volume for these investment products stood at $2.97 billion on the day, while the total cumulative net inflows since the launch day stood at $39.23 billion.

Notably, the slowdown in entries into investment products was accompanied by Bitcoin (BTC) down 3% in the last 24 hours, trading hands near $102,000 at press time.

Kadan Stadelmann, CTO of Komodo Platform, previously said crypto.news that Trump’s first days in office could become a “news-selling” event. He noted that initial optimism in crypto markets following Donald Trump’s election could fade, as anticipated policy changes were likely already priced in before he took office.

Meanwhile, after his inauguration, President Trump new acting chairman of the SECMark Uyeda, acted quickly by launching a crypto task force on Tuesday. The task force led by Commissioner Hester Peirce aims to establish a comprehensive and clear regulatory framework for crypto assets.

Commenting on the impact of this development, Matt Mena, crypto research strategist at 21Shares, told crypto.news that the newly created crypto task force, led by Commissioner Hester Peirce, could pave the way for the approval of a wider variety of crypto ETFs, including those linked to SOL, XRP, LTC, DOT and DOGE.

Mena noted that the task force aims to “promote structured disclosure frameworks, convenient registration pathways, and increased engagement between regulators and industry,” which could streamline the approval process for these crypto ETFs. while creating a clearer path for broader crypto adoption.