US Bitcoin spot ETFs recovered from the large outflow with modest gains of $18.44 million. On a quiet trading day, Blackrock’s ETFs brought in $30.14 million in inflows, while Ark and 21 Shares’ exchange-traded funds saw 11.7 Million dollars in outflows.
The other ten exchange-traded funds remained neutral, with no inflows or outflows. The total value of current assets on Tuesday, January 28 was $2.49 billion.
and the total cumulative net flow rose slightly to $39.5 billion.
Blackrock’s ETFs continued to lead the cumulative net inflow of $39.82 billion, more than triple the cumulative net flow of Fidelity’s ETFs of $12.77 billion.
ETFs were 21 Shares’ Ark and ARKB, Bitwise’s BITB and Grayscale’s BTC They are the only other funds to reach the $1 billion mark in net flows.
with $2.9 billion, $2.33 billion and $1.12 billion under management.
The net assets of ETFs, which measure the market capitalization of ETFs relative to the full market capitalization of Bitcoin, were 5.91%.
and the total net asset value of Bitcoin spot ETFs was $118.62 billion.
Trader, analyst and entrepreneur Michael van de Bop told X followers on January 29: “Apart from everything, gold is on the verge of hitting a new all-time high. It’s only a matter of time before Bitcoin follows suit.”
Ether ETFs saw no trading activity on Tuesday, January 28.
as no inflows or outflows to the nine US Ether Ether Spot ETFs were recorded.
With inflationary pressures and global economic uncertainty, Michel’s proposal suggests that the National Bank of Canada is looking beyond traditional assets to protect its reserves.
Bitcoin on a date with new golden levels soon
Bitcoin’s copying of record gold levels at $102693 is a “matter of time” as the precious metal outperforms Bitcoin and USD. In the X series on January 28, trading source The Kobeissi Letter said that gold’s performance in 2025 “tells us something.”
Bitcoin may currently be in limbo amid a lack of directional catalysts.
but one of the total assets away from the specified range is gold.
Data from Coin telegraph Markets Pro and Trading View confirm that BTC/USD has gained 10% since the beginning of the year.
with XAU/USD up about half that. In 2024, the latter gained 20%.
The precious metal shrugged off volatile shocks such as fear of Deep Seek AI this week and also tempered its traditional inverse correlation with the strength of the US dollar, Kobeissi reports.
Gold prices rose in a straight line, even as the S&P 500 was shaken by volatility. In fact, even with the US dollar reaching a new 52-week high and the 10-year bond yield breaking 4.80%, gold rose,” he wrote..
Bitcoin’s relationship with the dollar’s strength.
as measured by the US Dollar Index (DXY), has been a topic of discussion for a long time.
But for market participants, the result for Bitcoin/USD in the face of gold’s runaway rally is clear..
Trader, analyst and entrepreneur Michael van de Bop told X followers on January 29: “Apart from everything, gold is on the verge of hitting a new all-time high. It’s only a matter of time before Bitcoin follows”.
When analyzing the Bitcoin to Gold ratio, popular analytics account North Star warned that a “critical” level is at risk of being violated.
but if the ratio drops below 34 the upward trajectory could end,” says one of several recent posts on the subject.
Czech National Bank considers 5% investment in Bitcoin
The Czech National Bank (CNB) is considering a groundbreaking step – investing 5% of its €140 billion ($146.13 billion) foreign reserves in bitcoin. This would make the Czech National Bank the first major Western central bank to integrate cryptocurrencies into its reserves.
If the plan goes ahead, the Czech National Bank could allocate around €7 billion ($7.3 billion) to bitcoin, which could reshape how central banks perceive digital assets.
Bitcoin’s market capitalization has risen to over $2 trillion, making it the seventh largest asset in the world. While the digital currency is often criticized for its volatility, institutional adoption is on the rise.
Companies like BlackRock now offer bitcoin exchange-traded funds (ETFs), reinforcing their role as an alternative asset. If the Czech National Bank implements this plan, it could set a precedent for other central banks to explore Bitcoin as a diversification tool.
Bitcoin’s potential in reserve management
Alice Michel, Governor of the National Bank of Canada, has been vocal about updating the bank’s reserve management strategy. Traditionally, central banks have relied on low-risk investments such as U.S. government bonds. However, Michelle, with his investment background, sees Bitcoin as a viable asset class capable of delivering high returns.
Bitcoin gained significant traction in 2024, with a year-on-year growth of nearly 144% and an all-time high of $110,000.
While its price volatility remains severe, proponents claim that it is Bitcoin’s long-term adoption that drives its value. Institutional interest is also growing, with major financial companies integrating Bitcoin into their portfolios.
The National Bank of Canada’s decision to invest may emphasize the role of Bitcoin as a backup asset. Diversity is key for central banks, and Bitcoin’s independence from traditional financial systems makes it an attractive hedge.
