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US BTC-Spot ETF Market Flows: Will Inflows Signal a Return to $100k?
Bitcoin (BTC) reversed its holiday rally on Thursday after failing to break back above $100k for the seventh consecutive session.
The US BTC-spot ETF Market extended its outflow streak to four days on Tuesday, its longest since an eight-day outflow streak ended in September. However, the flow data for Thursday suggests a shift in demand. Notable inflows included:
- Fidelity Wise Origin Bitcoin Fund (FBTC) saw net inflows of $254.4 million.
- ARK 21Shares Bitcoin ETF (ARKB) reported net inflows of $186.9 million.
Excluding BlackRock’s (BLK) iShares Bitcoin Trust’s (IBIT) net inflows totaled $418.7 million, potentially providing price support.
Bitcoin Price Outlook
On Thursday, December 26, BTC declined by 3.74%, reversing Wednesday’s 0.745 gain, closing at $95,692.
Near-term BTC price trends will depend on US BTC-spot ETF flow trends and strategic bitcoin reserve (SBR)-related news.
Continued spot ETF inflows could boost BTC demand, potentially driving BTC toward $100k. However, BTC outflows and uncertainty about Trump being able to add BTC as a strategic reserve asset may drag BTC toward the $90,742 support level.
