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Bitcoin Today 01/07/2025: BTC ETFs break new records and reach almost US$1 billion
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The “Trump effect” played its role once again and did the Bitcoin returns to US$100,000 with an increase of 2.7% in the last 24 hours. According to CoinGecko, the price of the cryptocurrency opened Tuesday (7) at exactly US$101,138, but reached more than US$102,000.
The big change in the Top 10 was XRP’s return to third placeoutperforming USDT. In terms of market value, XRP reached $140 billion and USDT is worth $137 billion.
On the other hand, the biggest increase in the Top 10 was Cardano (ADA), which registered gains of 5.9% at the opening of the day. In the last seven days, the cryptocurrency has accumulated gains of 33% and also tops the Top 10.
In general, cryptocurrency results did not fluctuate above 10%. The biggest riser of the day in the Top 100 was AI16Z, which rose 8.3%, while VIRTUAL fell 6.8% and led the day’s losses.
Bitcoin ETFs continue to grow
The United States Bitcoin ETF market continues to break funding records, recording inflows for the second day in a row. According to data from Farside Investors, ETFs received more than $978 million in investments on Monday, breaking a new record.
Unlike other days, this time it was not BlackRock’s IBIT that led the entries, but rather the Fidelity’s FBTC, which received US$370.2 million in investments. Next came IBIT, with inflows of US$209.1 million and ARKB, from Ark Invest, which received US$157 million.
Five emitters recorded positive inflows into ETFs and no funds recorded withdrawals. Invesco, Valkyrie and WTree ETFs saw moderate inflows and others three ETFs recorded zero flows. However, the trend across the Bitcoin ETF segment shows that there is growing institutional trust in the flagship cryptocurrency.
This movement contradicts the opinion of several analysts who indicated the “end of ETFs” after a large flow of withdrawals at the end of last week. Furthermore, it also occurs in the midst of a significant increase in BTC, which returned to US$ 100 thousand after accumulating more than 8% gains in seven days.
Therefore, these recent robust inflows, indicating increased institutional interest, could push the cryptocurrency’s price further north. Last year, IBIT was the ETF that grew the most in terms of valueshowing that the demand for BTC remains active in the traditional market, especially from large investors.
The previously recorded inflow, according to data from Farside Investors, was worth $908.1 million and both now contribute to the accumulated positive flow of US$36.89 billion since the launch of ETFs.
Bitcoin Today 01/07/2025: BTC ETFs break new records and reach almost US$1 billion
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Bitcoin Today 01/07/2025: BTC ETFs break new records and reach almost US$1 billion
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Bitcoin Today 01/07/2025: BTC ETFs break new records and reach almost US$1 billion
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Bitcoin Today 01/07/2025: BTC ETFs break new records and reach almost US$1 billion
