Bitcoin Climbs Above $95,000 Amid Strong ETF Demand

Bitcoin hovers near $97,000 as Bitcoin ETFs post $843 million daily inflows, lifting weekly to $1 billion and YTD to $1.5 billion, with analysts noting buying pressure may have absorbed selling.

BTC

Summary

Bitcoin ETFs logged $843 million in net inflows on January 15, bringing weekly inflows to $1 billion and year-to-date totals to $1.5 billion. Bitcoin traded near $97,000 after months around $88,000, as analysts noted buying pressure may have absorbed selling.

Terms & Concepts
  • Bitcoin ETF: An exchange-traded fund that provides exposure to Bitcoin via a regulated vehicle, allowing investors to invest without holding the cryptocurrency directly.