Cryptocurrency investors began the new year with an old tradition: pouring money into exchange-traded funds (ETFs) linked to the Bitcoin cryptocurrency.
Around 12 exchange-traded funds (ETFs) holding the largest cryptocurrency saw inflows of about $760 million on Tuesday, the largest daily inflow since October, according to data compiled by Bloomberg.
Fidelity's Bitcoin fund, trading under the symbol FBTC, captured the largest share of these inflows, attracting $351 million.
Previous exit of investments after the 2025 downturn
These investment instruments, most of which were launched about two years ago, were subject to an exodus of investments at the end of 2025 as cryptocurrency prices declined.
Prior to the October crash that affected the prices of Bitcoin, Ethereum and a large number of other currencies, these funds were a favorite among institutional and individual investors, given their easy access to the crypto asset market.
Price recovery restores momentum to the market
But the price of Bitcoin has recovered, at least for now, rising by about 10% since the beginning of the year, and is once again soaring above the $97,000 level.
Eric Balchunas, an analyst at Bloomberg Intelligence, said that the return of ETF flows, and their continuation for several days, would greatly help the price.
Bitcoin spot funds had attracted tens of billions of dollars in the two years following their launch, amid a surge in the currency's price and growing acceptance of the cryptocurrency industry on a wider scale.
But it saw outflows of investment following the October crash in the cryptocurrency market, which resulted in Bitcoin recording its first annual loss since 2022. Bitcoin fell by more than 6% in 2025, in a performance that showed a significant degree of decoupling from the upward trends in stocks and precious metals.
Ether is riding the wave and its funds are attracting money
David Towell, president of Bruchin Capital, said: It's good to see the tide lift all boats, adding that Bitcoin, over time, is likely to decouple from other assets and move more independently.
Other cryptocurrencies also participated in the recent rally. Ether, the second-largest cryptocurrency, rose as much as 6% on Wednesday and has gained about 13% since the start of the year. Meanwhile, Ether exchange-traded funds (ETFs) saw inflows of $130 million during the last trading session.
