With massive Bitcoin and Ethereum pumps observed, the crypto market has been bullish over the two most popular cryptocurrencies, Bitcoin and Ethereum ETFs. Lookonchain’s recent data show that Bitcoin ETFs recorded a net inflow of 7,066 BTC or $703.6 million, while Ethereum ETFs similarly witnessed a net inflow of 14,425 ETH or $48.32 million. This indicates a rising interest among investors and institutions in these digital assets.
Jan 16 Update:
10#BitcoinETFs
NetFlow: +7,066$BTC(+$703.6M)#Fidelity inflows 4,629$BTC($460.97M) and currently holds 209,070$BTC($20.82B).
9#EthereumETFs
NetFlow: +14,425$ETH(+$48.32M)#Fidelity inflows 8,499$ETH($28.47M) and currently holds 404,003$ETH($1.35B).…pic.twitter.com/9ElW0e9B6I— Lookonchain (@lookonchain) January 16, 2025
Bitcoin ETF Performance
The total amount in ETFs was 1,132,450 BTC as of January 16, 2025, amounting to $112.76 billion. Key highlights include:
iShares (BlackRock) Bitcoin Trust (IBIT): The largest Bitcoin ETF currently in the market, holding 554,311 Bitcoins, has increased its holding by 318 Bitcoins in the last day only. However, it recorded an outflow of 3,571 BTC over the past 7 days.
Fidelity Wise Origin Bitcoin Fund (FBTC): Saw an influx of 4,629 BTC within a single day, equivalent to $460.97 million, and holds a total of 209,070 BTC. Within the last week, it has increased its holding by 830 BTC.
ARK 21Shares Bitcoin ETF (ARKB): Posted a 1-day influx of 1,384 BTC and an average net inflow of 476 BTC in a week, indicating a high level of investor engagement.
Grayscale Bitcoin Trust (GBTC): It possesses 203,449 BTC; however, it recorded slight withdrawals of 8 BTC within the current day and 962 BTC within the current week.
In conclusion, Bitcoin ETFs generally had a positive outlook with steady fund inflows that sought institutional endorsement and demand for crypto assets.
Ethereum ETF Growth
Similarly, we also observed considerable Ethereum ETF trade volume, where total ETH holdings stood at 3,557,203 ETH worth $11.92 billion. Key performance insights include:
iShares (BlackRock) Ethereum Trust (ETHA): Made an inflow of 5,754 ETH within 24 hours and has a strong, ongoing net inflow of 9,994 ETH for the week, thereby consolidating its position as the most dominant Ethereum ETF.
Fidelity Ethereum Fund (FETH): Led the daily inflow chart with 8,499 ETH, which is equivalent to $28.47 million. However, the fund recently experienced a 7-day outflow of 56,497 ETH, indicating variations in investor trading. Currently holds 404,003 ETH.
Invesco Galaxy Ethereum ETF (QETH): The influx of 267 ETH has been reflected in the past day and is only growing steadily.
However, the constant demand for Ethereum is evident following the relatively moderate inflow of ETFs compared to Bitcoin’s market.
Conclusion
The recent ETF inflows in Bitcoin and Ethereum show that cryptocurrency assets are gaining increased institutional investor acceptance. While Fidelity and iShares remain at the forefront of guiding large inflows, demand for digital assets is clearly present. With increasing certainty of regulations and changes in the markets, Bitcoin and Ethereum ETFs will become the link between traditional and decentralized financial systems.