The US BTC-spot ETF Market Registered Total Net Inflows of $5,158.7 Million in January

The US BTC-spot ETF market saw $559.5 million of total net inflows in the week, down from $1,757.7 million the previous week.

The US BTC-spot ETF market saw record inflows in January, with a total of $5,158.7 million. This marks the fourth highest net inflow since the launch of BTC-spot ETFs in the US.

The latest data from ETF Trends shows that the US BTC-spot ETF market saw total net inflows of $559.5 million in the week, decreasing from $1,757.7 million the previous week.

Concerns about a potentially more hawkish path for Federal Reserve interest rates tempered demand for the ETFs, which track the price of Bitcoin (BTC).

Despite the slowdown in the last week of January, the US BTC-spot ETF market registered four weeks of inflows.

The market saw outflows of $231.7 million in the third week of January and $301.4 million in the second week. At the beginning of the year, the market saw inflows of $6,037.1 million in the first week of January.

Overall, the US BTC-spot ETF market saw four weeks of inflows and three weeks of outflows in January.

Blackrock’s IBIT remains the largest BTC holder (excluding exchanges)

Among the BTC-spot ETFs, Blackrock’s iSharesbitcoin Trust (IBIT) remains the largest BTC holder (excluding exchanges) with 582,821 BTC, according to data from HODL15Capital.

The التالي في القائمة is Fidelity’s FBTC, which holds 213,634 BTC.

Commenting on the performance of US BTC-spot ETFs, ETF Store President Nate Geraci said:

“I can still remember a year ago, when I was told there was no demand for spot btc etfs … After they had meaningful inflows, then it was all ‘degen retail’. One year later, they post a $5+bil inflow month. Love to see it.”

Political support grows for a US Strategic Bitcoin Reserve

Expectations for a US Strategic Bitcoin Reserve (SBR) also supported BTC price trends.

On February 1, Senate Banking Subcommittee on Digital Assets Chair Cynthia Lummis said that the SBR is “the only tool I see that can help people in my generation right the wrongs that we did to younger generations and generations to follow.”

Senator Lummis shared an interview where she discussed the potential impact of an SBR and the Bitcoin Act.

The Bitcoin Act proposes that the US government acquire one million BTC over five years, and then hold it for a mandatory 20 years. If implemented, a US SBR could tighten BTC supply, potentially driving it to new record highs.

However, it is important to note that the designation of assets for a national strategic reserve requires approval from US Congress, the Federal Reserve, the US Treasury Secretary and the President.

BTC price outlook: Record highs in sight?

Ultimately, BTC price trends will depend on a combination of factors, including Trump’s policies, the path of Fed interest rates, developments regarding an SBR and the performance of US BTC-spot ETFs.

To follow our analysis and forecasts on how these macroeconomic data, US crypto policies and BTC-spot ETF market flows impact price action, check out our analysis and forecasts here to navigate crypto-related risks.

Technical Analysis

Bitcoin Analysis

Despite the pullback driven by the tariff news, BTC still trades above the 50-day and 200-day Exponential Moving Averages (EMA), sending bullish price signals.

A price breakout from $105k could enable the bulls to target the all-time high of $109,312. A breakout from $109,312 may signal a move toward 120k next.

逆に, a BTC price break below $100k could signal a price drop toward the 50-day EMA. A price fall below the 50-day EMA may bring the $90,742 support level into sight.

With an RSI reading of 49.56 over 14 days, BTC could drop to the $90,742 support level before entering oversold territory (RSI below 30).