Bitcoin and ether ETFs continued their strong recovery with successive days of inflows worth $626 million and $167 million respectively.
Bitcoin ETFs Bounce Back With $1.38 Billion Inflows in 2 Days
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Bitcoin ETFs Reverse Outflows With Consecutive Days of Significant Inflows
U.S. spot bitcoin ETFs continued the show of strength with another day of strong inflows. Data from Sosovalue on Jan. 16 showed that $626.15 million flowed into bitcoin ETFs with Blackrock grabbing the lion’s share with $527.87 million of inflows.
This followed the previous day’s inflows of $755 million, bringing the 2-day inflow to $1.38 billion, erasing the 4-days of outflows which amounted to $1.22 billion.
Other funds that saw inflows include Ark and 21Shares’ ARKB with $155.44 million, Vaneck’s HODL with $5.68 million, and Fidelity’s FBTC with $4.39 million. The only outflow was recorded by Grayscale’s GBTC with $69.97 million exiting the fund.
These strong inflows raised the total net assets to $114.82 billion, 5.78% of bitcoin‘s market cap.
Ether ETFs were not left out of the inflow action with a combined $166.59 million coming in. This extended the ether ETFs’ consecutive inflows to 3 days. Blackrock’s ETHA also dominated the inflows with $111.19 million with Fidelity’s FETH bringing in $70 million. Grayscale’s ETHE saw the only outflow with $18.73 million leaving the fund. The other ether ETFs stayed neutral.
With total net assets rising to $12 billion, ether ETFs will be looking to close out a strong week with another green day on Friday, Jan. 17.
