In January, the 12 listed bitcoin ETFs reportedly experienced inflows close to $5.25 billion, a significant leap from the $4.53 billion recorded in December 2024. The data was compiled by SoSoValue.

Leading the pack was BlackRock’s IBIT, which saw a whopping $3.23 billion in inflows for the month. By the end of January, the net assets of IBIT reached an impressive $59.39 billion, a growth of $7.67 billion within the month.

Following closely was Fidelity’s FBTC, the second-largest spot bitcoin ETF by net assets, which reported monthly inflows of $1.28 billion. The net assets of FBTC surged to $21.76 billion from $18.87 billion at the start of the month.

Bitwise’s Chief Investment Officer, Matt Hougan, projects that these ETFs could attract over $50 billion in inflows this year. Despite acknowledging the potential for volatility, Hougan expressed optimism, “we end the year north of $50 billion,” he stated.

Despite the positive inflow data, Bitcoin dropped by 4.2% to trade at $95,500 at the time of reporting amidst a wider crypto market sell-off. Ether also experienced a 16.5% loss, trading at $2,591.

The crypto market’s positive sentiment, built up since Trump’s reelection, seems to be wavering due to the absence of any crypto-specific announcements from Trump since his inauguration. This observation was made by Min Jung, a research analyst at Presto Research.

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