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Cryptocurrency News Articles
Bitcoin and Ethereum Spot ETFs See Resurgence, Record $815M Inflows After Four-Day Outflow Period
Jan 16, 2025 at 09:22 pm
After four days of outflows, Bitcoin BTC/USD spot ETFs saw a strong rebound on Wednesday, recording a total net inflow of $755 million.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs saw a combined net inflow of over $815 million on Jan. 15.
Bitcoin ETFs saw a total net inflow of $755 million, while Ethereum ETFs experienced inflows of $59.7 million.
The inflows come as Thailand’s SEC is considering permitting local Bitcoin ETFs, potentially signaling a broader shift toward crypto asset adoption in the Asia-Pacific region.
Bitcoin Spot ETFs Rebound After Outflows
After four days of outflows, Bitcoin spot ETFs saw a strong rebound on Wednesday.
According to data from ETF.com, the total net inflow for Bitcoin spot ETFs reached $755 million.
Bitcoin was trading around $399,000 at the last check, up about 2% over the past 24 hours.
Fidelity’s (NYSE:FBTC) FBTC led the pack with a net inflow of $463 million, while Ark Invest and 21Shares’ ARKB attracted $139 million.
Ethereum Spot ETFs See Positive Inflows
Data showed that ETFもあった for Ethereum spot ETFs reached $59.7 million.
Fidelity’s (NYSE:FETH) FETH secured $29.3 million, while BlackRock’s (NYSE:BLK) ETHA garnered $19.8 million.
Thailand Considers Permitting Local Bitcoin ETFs
This influx of資金 into Bitcoin and Ethereum spot ETFs comes as Thailand’s Securities and Exchange Commission (SEC) is considering permitting local Bitcoin ETFs.
The move could signal a broader shift toward crypto asset adoption in the Asia-Pacific region.
According to Bloomberg, the Thai SEC is considering allowing both individual and institutional investors access to these instruments.
This marks a departure from the current stance, which only permits fund-of-funds offerings that track overseas Bitcoin ETFs.
Thailand Potential Regulatory Shift Part Of Effort To Become Digital Assets Hub
The report noted that President-elect Donald Trump intends to make the U.S. the global crypto capital.
Meanwhile, The New York Post reported that Trump is set to sign several executive orders aimed at bolstering the cryptocurrency sector.
Among the priorities are creating a Bitcoin reserve, halting the “de-banking” policy and appointing several “crypto-friendly” officials to prominent roles.
However, prioritizing U.S.-originated cryptocurrencies like Solana (CRYPTO: SOL), USD Coin (CRYPTO: USDC) and Ripple (CRYPTO: XRP) has sparked debate.
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