Bitcoin spot exchange-traded funds (ETFs) have witnessed a surge in investor interest, recording inflows exceeding $3 billion over the past four days. This has pushed the total net asset value of all bitcoin ETFs to $123.59 billion.<\/p>\n\n\n\n
Blackrock’s IBIT Leads the Charge<\/p>\n\n\n\n
Blackrock’s IBIT ETF emerged as the top recipient of new investments, attracting a staggering $661.86 million on January 21st alone. This inflow significantly boosted IBIT’s cumulative net inflow to $39.07 billion, surpassing Fidelity’s FBTC by a wide margin (Fidelity’s FBTC has a cumulative net inflow of $12.84 billion).<\/p>\n\n\n\n
Grayscale and Other Funds See Inflows<\/p>\n\n\n\n
Grayscale’s Bitcoin fund also experienced a notable inflow of $136.39 million. Other participants in the inflow spree include Ark and 21Shares’ ARKB, Fidelity’s FBTC, and Franklin’s EZBC, contributing $8.51 million, $6.97 million, and $6.18 million, respectively.<\/p>\n\n\n\n
Bitwise Records Sole Outflow<\/p>\n\n\n\n
While most funds enjoyed inflows, Bitwise’s BITB recorded the only outflow of the day, with $17.41 million leaving the fund.<\/p>\n\n\n\n
Bitcoin ETF Market Share<\/p>\n\n\n\n
The total net asset value of all bitcoin spot ETFs stands at $123.59 billion, representing 5.88% of Bitcoin’s overall market value.<\/p>\n\n\n\n
Ether ETFs Join the Inflow Trend<\/p>\n\n\n\n
Similar to Bitcoin ETFs, Ether ETFs have also experienced a four-day inflow streak, accumulating $74.43 million in total. Blackrock’s ETHA spearheaded the inflows with $56.31 million, followed by Grayscale’s ETH at $12.49 million.<\/p>\n\n\n\n
Other Ether ETFs See Inflows<\/p>\n\n\n\n
VanEck’s ETHV, Fidelity’s FETH, and Bitwise’s ETHW contributed $3.65 million, $3.32 million, and $3.10 million, respectively, to the daily inflow for Ether ETFs.<\/p>\n\n\n\n
Ether ETF Market Share<\/p>\n\n\n\n
Combined, the nine spot Ether ETFs hold a total net asset value of $12.07 billion, translating to 3% of Ether’s market capitalization.<\/p>\n\n\n\n
In summary, both Bitcoin and Ether ETFs have witnessed a significant increase in investor confidence, reflected in the consistent inflows over the past four days. This trend suggests a growing appetite for these investment vehicles within the cryptocurrency market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin spot exchange-traded funds (ETFs) have witnessed a surge in investor interest, recording inflows exceeding $3 billion over the past four days. This has pushed the total net asset value of all bitcoin ETFs to $123.59 billion. Blackrock’s IBIT Leads the Charge Blackrock’s IBIT ETF emerged as the top recipient of new investments, attracting a …<\/p>\n","protected":false},"author":13,"featured_media":96849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-110871","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=110871"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110871\/revisions"}],"predecessor-version":[{"id":110876,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110871\/revisions\/110876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/96849"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=110871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}