BTC price fell to lows of $41,440 after the approval of the spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. However, the $41,0000 level proved to be formidable support as buyers bought more at a discount resulting in the on-going recovery. According to Bloomberg ETF analyst Eric Balchunas in an X post on Jan. 13, the newly launched ETFs witnessed inflows of $1.4 billion, while the Grayscale Bitcoin Trust (GBTC) saw an outflow of $579 million. Still, the net inflows in two trading sessions across the ETFs were $819 million.