Following a slump in demand in December, spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded significant inflows, totaling nearly $1.9 billion on January 3 and January 6, 2025. The inflows marked a reversal from the previous outflows seen in six of the last eight trading days. On January 6 alone, these ETFs attracted $978.6 million, with the Fidelity Wise Origin Bitcoin Fund leading at $370.2 million. BlackRock's iShares Bitcoin ETF and ARK 21Shares Bitcoin ETF followed closely with $209 million and $153 million, respectively. While the two strong inflow days nearly offset the $1.9 billion net outflow between December 19 and January 2, BlackRock's iShares Bitcoin ETF has accumulated the highest net inflows at $37.4 billion. In stark contrast, Grayscale's converted GBTC has faced major outflows totaling $21.4 billion. Industry analysts remain optimistic, anticipating increased demand in 2025 as more clearinghouses become available for trading spot Bitcoin ETFs, indicating potential growth in the sector.

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