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BlackRock's iShares Bitcoin Trust (IBIT) experienced a record outflow of $332.6 million on January 2, marking the largest daily withdrawal since its launch in January 2024. This outflow contributed to a total of $392.6 million in withdrawals over the past week, despite the fund ranking third for inflows among U.S. ETFs in 2024 with $37.2 billion. In contrast, competitors like Bitwise, Fidelity, and Ark 21Shares saw inflows, highlighting a mixed landscape for Bitcoin ETFs.
Grayscale's Q1 2025 Crypto list features Solana and Chainlink among the top 20 assets, highlighting their significant roles in the evolving digital asset landscape. Solana is recognized for its scalability and low fees, while Chainlink is essential for connecting smart contracts to real-world data, particularly in DeFi and AI applications. Both tokens are positioned for continued growth as the market matures and regulatory opportunities arise.
Solana and Cardano are attracting institutional interest, with Solana's partnerships and potential ETF approvals driving significant market activity. Meanwhile, 1Fuel is emerging as a promising altcoin, raising over $850,000 in its presale and offering innovative cross-chain functionality and privacy features. Analysts are optimistic about its growth potential, positioning it as a key player to watch for 2025.
Crypto investment products saw $308 million in net inflows last week, marking the eleventh consecutive week of positive movement, despite a significant $576 million single-day withdrawal. Bitcoin led with $375 million in inflows, while Ethereum attracted $51 million, pushing its year-to-date total to $4.5 billion. In contrast, Solana faced outflows of $8.7 million, and multi-asset products lost $121 million, indicating a targeted investment approach amid market volatility.
Bitcoin demand is rapidly outpacing supply, with apparent demand growing at a rate of 228,000 BTC monthly, while available inventory has dropped to levels not seen since October 2020. Accumulator addresses are increasing at a record rate, and OTC desk balances have declined significantly, indicating strong institutional interest. Sell-side liquidity has fallen to 3.397 million BTC, the lowest in over four years, further reducing potential selling pressure as the market cap of USD-based stablecoins surpasses $200 billion.
Bitcoin's price plummeted to $92,000, triggering $1.4 billion in liquidations, with altcoins like Ethereum and XRP suffering even greater losses. Spot Bitcoin ETFs experienced record outflows of $672 million, coinciding with a broader market downturn following comments from the Federal Reserve chair about interest rates. Despite the turmoil, some traders remain optimistic about future gains, citing potential support from a pro-crypto administration.
Cryptocurrency investment products recorded $3.2 billion in inflows during the week of Dec. 9–13, marking the 10th consecutive week of positive momentum, with total inflows for 2024 reaching $44.5 billion. Bitcoin products led with $2 billion, while Ethereum ETPs saw $1 billion, continuing a seven-week streak of inflows. The U.S. was the largest contributor, accounting for $3.1 billion, while Sweden experienced the only outflows at $19 million.
Ethereum is experiencing a significant surge in activity, with daily wallet creation hitting an 8-month high of 130,200 addresses in December 2024. Institutional interest is also rising, highlighted by BlackRock's Ethereum ETF attracting $3 billion in inflows, as Ethereum ETFs outpace Bitcoin counterparts with $854 million in recent inflows. Experts predict this momentum could drive Ethereum's price to $15,000 amid growing confidence in its market position.
Grayscale Bitcoin Trust ETF
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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