Bitcoin ETFs attract over $3 billion in four days, led by BlackRock fund
Over the past four trading days, spot Bitcoin ETFs have drawn $3.26 billion in investments. According to data from Sosovalue, the largest single-day inflow occurred on January 17, with $1.08 billion flowing into various Bitcoin funds.
As reported by Bitcoin.com, on January 21, Bitcoin ETFs recorded inflows totaling $802.5 million, with BlackRock's IBIT fund leading the way by securing $661.86 million. This increased its cumulative net inflow to $39.07 billion, more than three times the amount of Fidelity's FBTC fund, which has a total net inflow of $12.84 billion.
Grayscale's BTC fund reported an inflow of $136.39 million. Other contributors included Ark and 21Shares' ARKB fund with $8.51 million, Fidelity's FBTC fund with $6.97 million, and Franklin's EZBC fund with $6.18 million. On the same day, Bitwise's BITB fund recorded the only outflow, amounting to $17.41 million, while other funds remained unchanged.
The total net asset value of spot Bitcoin ETFs stands at $123.59 billion, equivalent to 5.9% of Bitcoin's market value.
Ethereum ETFs inflows
Spot Ethereum ETFs, meanwhile, accumulated $74.43 million over the four trading days. BlackRock's ETHA fund led the inflows with $56.31 million, followed by Grayscale's ETH fund with $12.49 million.
Additional contributions came from Vaneck's ETHV fund ($3.65 million), Fidelity's FETH fund ($3.32 million), and Bitwise's ETHW fund ($3.1 million).
Collectively, the nine spot Ethereum ETFs hold $12.07 billion in net assets, accounting for 3% of Ethereum's total market capitalization.
Interest in cryptocurrency ETFs continues to grow, and Canary Capital's Litecoin ETF is likely to become the next cryptocurrency ETF approved in the United States.
Latest Bitcoin News
- Forex
- Crypto