Bitcoin and Ether ETFs See Strong Inflows: $429 Million for Bitcoin, $24 Million for Ether
The cryptocurrency market witnessed a strong performance from Bitcoin and Ether ETFs, both ending the day with a positive trend and continuing their upward momentum. According to data from Sosovalue.com, spot Bitcoin ETFs led the charge, attracting $428.98 million in net inflows, bringing their cumulative inflows since January 11, 2024, to an impressive $35.60 billion.
Bitcoin ETFs Dominate the Market
Bitcoin ETFs maintained their dominance in the crypto fund market, with notable players driving the inflows. Blackrock led the pack, with its IBIT fund raking in $393.03 million. Fidelity’s FBTC followed with $59.96 million. Bitwise’s BITB secured the third spot, adding $33.21 million. Other significant contributors included Ark Invest and 21Shares’ ARKB, which brought in $28.41 million, and Vaneck’s HODL, which added $8.62 million. Smaller, yet impactful gains came from WisdomTree’s BTCW with $7.01 million, and Grayscale’s Bitcoin Mini Trust, which captured $4.51 million. However, Grayscale’s GBTC experienced a notable outflow of $105.76 million, offsetting some of the day’s gains. Trading activity remained robust, with $3.10 billion in transactions on Friday alone. Bitcoin ETFs now hold $114.97 billion, representing 5.71% of Bitcoin’s total market capitalization.
Ethereum ETFs Show Positive Growth
Ethereum ETFs also demonstrated resilience, collectively achieving $23.61 million in net inflows across nine funds. Three funds posted gains, while the others remained steady without recording losses. Blackrock’s ETHA led the way with $9.51 million in inflows. Grayscale’s ETHE followed closely with $7.24 million. Fidelity’s FETH added $6.86 million, completing the top three performers. These inflows brought the cumulative net contributions for Ethereum ETFs to $2.26 billion, with $453.81 million traded on Friday. Collectively, Ethereum ETFs now hold $13.78 billion, representing 2.92% of Ether’s total market capitalization.
Conclusion
The strong performance of Bitcoin and Ether ETFs highlights growing institutional interest and investor confidence in cryptocurrency-based financial products. With Bitcoin ETFs holding a significant portion of the market and Ethereum ETFs steadily gaining traction, both assets continue to solidify their positions as essential components of the evolving crypto investment landscape.
