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Cryptocurrency News Articles

Spot Bitcoin Funds See Highest Inflows of $978M Since November, Fidelity Leads the Pack

Jan 08, 2025 at 07:21 am

Spot Bitcoin Funds See Highest Inflows of $978M Since November, Fidelity Leads the Pack

Spot bitcoin funds have seen a return to inflows after a brief dry spell in the first year of 2025. On January 6th, all combined exchange-traded funds collectively amassed nearly $1 billion.

In total, BTC ETFs(!) accumulated $978 million in inflows, marking its highest inflow day since November 21st. Interestingly, this was the second consecutive trading day where bitcoin ETFs have reached over $900 million—a feat never before seen in the young spot bitcoin fund market.

Fidelity (FBTC) led the party with inflows of $370.2 million, followed closely by Blackrock (IBIT) with $209.1 million in BTC acquisitions. On this date, all ETFs registered inflows, with Ark (ARKB) having the third-highest income at $152.9 million.

Nasdaq ISE Looking To Raise Blackrock Bitcoin ETFs Contracts

As recently as yesterday, Nasdaq ISE—an options exchange that is part of the Nasdaq Options suite of exchanges—filed with the SEC a request to significantly increase the contract limits for Blackrock’s (IBIT) ETF.

The filing states that due to the incredible volume and market capitalization increase seen in the ETF market, particularly for IBIT, the current 25,000 contracts limit should also be raised. This limit specifically refers to the total number of IBIT contracts that an investor can hold at any given time.

Furthermore, the filing argues that a limit raise of 900% would benefit the market, proposing the limit to be 250,000 contracts.

A 250,000 contract limit would theoretically represent around 2.8% of the IBIT’s shares that are currently held by shareholders. In comparison, the current 25,000 cap only represents 0.289% percentage of all the fund’s outstanding shares.

By raising the limit, Nasdaq ISE argues that the measure would not only improve market liquidity but also enable better risk management for investors. The Securities and Exchange Commission now has 45 days to decide whether to raise or maintain IBIT’s contract limits.

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