US spot Bitcoin ETFs attracted $355 million, stopping a seven-day streak of net outflows during which $1.12 billion was withdrawn from these products. This shift in flows reflects a change in investor interest toward incoming capital, with the largest funds receiving the bulk of inflows. Below is an analysis of fund distribution, liquidity commentary, and brief recommendations for miners.
Inflows to Spot Bitcoin ETFs Reach $355 Million
The total inflow amounted to $355 million, ending a seven-day run of net outflows totaling $1.12 billion. This indicates a reversal in fund flows toward incoming investments, according to aggregator SoSoValue. For additional context, see the inflow overview, which discussed a similar scale of dynamics.
Leaders in Bitcoin ETF Inflows
The distribution of inflows among major funds showed concentration in several products from large issuers. Below are the funds and inflow amounts reported by SoSoValue.
- BlackRock’s iShares Bitcoin Trust (IBIT): $143.75 million
- Ark 21Shares Bitcoin ETF (ARKB): $109.56 million
- Fidelity’s Wise Origin Bitcoin Fund (FBTC): $78.59 million
- Bitwise’s Bitcoin ETF (BITB): $13.87 million
- Grayscale’s Bitcoin Trust ETF (GBTC): $4.28 million
- VanEck’s Bitcoin ETF (HODL): $4.98 million
This concentration of inflows in a few products highlights where current institutional activity is focused; more on similar movements can be read in the article about $457 million inflows.
Improvement in Global Liquidity
Several commentators pointed to signs of improving global dollar liquidity. Arthur Hayes noted that dollar liquidity likely bottomed in November and has been gradually increasing since, while analyst Mister Crypto highlighted rising money supply metrics and upcoming Treasury bill purchases by the Federal Reserve. Among the measures mentioned is a planned $8.165 billion injection by the Fed.
Inflows to Spot ETFs on Ethereum and XRP
Alongside inflows to Bitcoin funds, spot ETFs on Ethereum showed a positive shift: they ended a four-day outflow streak and recorded $67.8 million in net inflows. Meanwhile, spot ETFs on XRP continued a long streak of inflows, extending it to 30 consecutive days with an additional $15 million.
Why This Matters
For a miner operating 1–1000 devices, changes in ETF inflows do not directly alter the physical mining conditions but do impact market liquidity and trading activity. Improved liquidity makes it easier to sell mined coins without significant slippage, while the opposite trend can increase fees and volatility.
Additionally, the concentration of inflows in major ETFs underscores that institutional demand remains an important market factor — useful to consider when planning BTC sales strategies and operational expenses.
What to Do?
Below are practical steps for miners in Russia to help respond more quickly to changes in market liquidity and capital flows.
- Monitor ETF flows and overall liquidity indicators to assess the ease of selling mined coins and potential volatility.
- Set a mining profitability threshold and regularly review it considering prices and electricity tariffs; adjust equipment load as needed.
- Diversify exit strategies: store part of the mined coins, sell some via limit orders or through a pool to reduce slippage during low liquidity periods.
- Keep equipment and software up to date and monitor pool fees — this helps preserve margins amid price and liquidity fluctuations.