Bitcoin Consolidates Around $99,000 After $750 Million ETF Inflows On Wednesday

Bitcoin and Ethereum spot ETFs experienced a significant resurgence on Jan. 15, with a combined net inflow of over $815 million, marking the first positive day after a four-day outflow period.

What Happened: After four days of outflows, Bitcoin BTC/USD spot ETFs saw a strong rebound on Wednesday, recording a total net inflow of $755 million.

Bitcoin is trading around $99,000 at the time of writing, up 2% over the past 24 hours.

Fidelity‘s FBTC led the charge with a net inflow of $463 million, while Ark Invest and 21Shares‘ ARKB attracted $139 million.

Ethereum ETH/USD spot ETFs also experienced positive inflows, reaching $59.7 million, with Fidelity‘s FETH securing $29.3 million and BlackRock‘s ETHA garnering $19.8 million, according to data.

This influx comes as Thailand’s Securities and Exchange Commission considers permitting local Bitcoin ETFs, signaling a potentially broader shift toward crypto asset adoption in the Asia-Pacific region.

The Thai SEC is considering allowing both individual and institutional investors access to these instruments, marking a departure from its current stance which only permits fund-of-funds offerings that track overseas Bitcoin ETFs, according to Bloomberg.

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SEC Secretary-General Pornanong Budsaratragoon acknowledged the need to adapt to global trends, stating in an interview that, “Like it or not, we have to move along with more adoption of cryptocurrencies worldwide. We have to adapt and ensure that our investors have more options in crypto assets with proper protection."

Thailand’s potential regulatory shift is part of a larger effort to establish itself as a digital assets hub in the Asia-Pacific region, an arena where Singapore and Hong Kong have also been active.

Furthermore, the report notes that President-elect Donald Trump has stated his intention to make the US the global crypto capital.

Meanwhile, The New York Post reported that Trump is set to sign executive orders aimed at bolstering the cryptocurrency sector.

These include creating a Bitcoin reserve, halting the “de-banking” policy, and appointing several “crypto-friendly” officials to prominent roles.

However, prioritizing U.S.-originated cryptocurrencies like Solana SOL/USD, USD Coin USDC/USD and Ripple XRP/USD has stirred debate.

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