IBIT Registers Inflows Amid Easing Bitcoin Sell-Side Pressure

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BlackRock’s IBIT spot Bitcoin ETF (exchange-traded fund) helped the funds maintain their daily inflow streak as analysts from crypto exchange Bitfinex say sell-side pressure for BTC is cooling off.

Data from Farside Investors shows that IBIT recorded $596.1 million net inflows yesterday, pushing the funds’ collective net inflow streak to three days.

Bitcoin ETFs

ARKB Bitcoin ETF Suffers Over $200 Million Net Outflows

Ark’s ARKB was the US spot Bitcoin ETF that posted the biggest outflows on Jan. 7, with $212.6 million withdrawn from the fund’s reserves. This was after investors poured $152.6 million into the ETF the day before. Grayscale’s GBTC registered the second biggest outflows of the day with $125.4 million being withdrawn from the fund.

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-01-07

TOTAL NET FLOW: 52.4

IBIT: 596.1
FBTC: -86.3
BITB: -113.8
ARKB: -212.6
BTCO: 0
EZBC: -5.6
BRRR: 0
HODL: 0
BTCW: 0
GBTC: -125.4
BTC: 0

For all the data & disclaimers visit:https://t.co/Wg6Qpn0Pqw

— Farside Investors (@FarsideUK) January 8, 2025

Meanwhile, Bitwise’s BITB posted $133.8 million outflows yesterday. Fidelity’s FBTC and Franklin’s EZBC suffered $86.3 million and $5.6 million, respectively. The remaining ETFs registered no new flows on Jan. 7.

Despite the outflows from the majority of the funds, the ETFs still posted $52.6 million inflows for the day. This follows the more than $900 million inflows the funds posted on both Jan. 3 and Jan. 6.

Bitfinex Analysts Say BTC Sell Pressure Is Easing At A “Rapid Pace”

The ETF flows seen yesterday come amid a broader crypto market correction, which saw the combined valuation of the digital asset space drop more than 6% in the past 24 hours. BTC itself plunged over 5% from an intraday high of $102,022.56 to trade at $96,508.65.

Despite the steep drop in the leading crypto’s price, Bitfinex analysts noted in a Jan. 6 markets report that the sell-side pressure on BTC is “shrinking at a rapid pace.”

The analysts also said that BTC’s liquidity inventory ratio, which measures how long BTC’s supply across exchanges can meet demand, has bullishly dropped from 41 months in October 2024 to just over 6.5 months.

“This significant decline aligns with the rallies observed in both Q1 and Q4 of 2024, indicating a tightening of available liquidity during periods of strong market activity,” the analysts said.

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