Bitcoin exchange-traded funds () are seeing consistent strong inflows.
In the past four-day period, a significant surge in investment has been seen in bitcoin spot exchange-traded funds (ETFs), with a total of $3.26 billion pouring in. Notably, January 17 saw the largest influx, with $1.08 billion entering the various bitcoin funds, as per data compiled by Sosovalue.
On January 21, a significant influx of $802.5 million was reported, with Blackrock’s IBIT experiencing the largest single-day inflow of $661.86 million. As a result, its total net inflow surged to $39.07 billion, surpassing Fidelity’s FBTC cumulative net inflow of $12.84 billion by a factor of more than three.
Grayscale’s Bitcoin fund received $136.39 million in investments, followed by Ark and 21idelity’s FBTC, and Franklin’s EZBC with inflows of $8.51 million, $6.97 million, and $6.18 million respectively. Bitwise’s BITB experienced the sole outflow of the day, with $17.41 million exiting the fund, while the other funds had no significant changes.
Bitcoin spot exchange-traded funds (ETFs) have a combined net asset worth of $123.59 billion, representing 5.88% of the total market value of bitcoin.
In the pasts have seen continued investment inflows totaling.43 million. The largest contributor to these inflows was Blackrock’s ETHA with $56.31 million, with Grayscale’s ETH following closely behind at $12.49 million.
Notable additions to the daily influx came from Vaneck’s ETHV, which and Bitwise’s ETHW, which accumulated $3.10 million.
The nine ether exchange-traded funds collectively manage a total of $12.07 billion in assets, representing a 3% share of ether’s overall market capitalization.
