January Sees Massive Investments in Bitcoin ETFs, But Market Faces Challenges – BitRss

In January, spot Bitcoin $95,363 exchange-traded funds (ETFs) in the United States attracted over $5 billion in investments. This marked a significant rise from the total of $4.53 billion entered by the end of December 2024. The major influx, led by BlackRock and Fidelity, indicates ongoing investor interest in cryptocurrencies. Matt Hougan, chief investment officer at Bitwise, suggested there could be over $50 billion in inflows throughout the year. Despite this, Bitcoin’s (BTC ($95,317.66)) price faced a 4.2% drop in the last 24 hours, trading around $95,500, while Ethereum (ETH ($2,615.54)) $2,603 fell by 16.5% to $2,591.