The positive momentum on bitcoin ETFs continued with another day of net inflows worth $588 million, while ether ETFs bounced back with a net inflow of $67.77 million.
Bitcoin ETFs See $588 Million Inflow As Market Momentum Continues
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Bitcoin and Ether ETFs Record Significant Inflows As Market Confidence Strengthens
U.S. spot bitcoin exchange-traded funds (ETFs) recorded a significant net inflow of $588.22 million on Thursday, Jan. 30, according to ETF metrics from Sosovalue. This surge in inflows is the highest so far this week after the trading week began with a major outflow of $457 million.
BlackRock’s IBIT and Fidelity’s FBTC dominated the inflows with $321.5 million and $209.14 million flowing into both funds. This pushed Blackrock’s total net assets to $61.11 billion and Fidelity’s total net assets to $22.48 billion.
Other contributors to the significant inflow were Bitwise’s BITB with $22.98 million, Ark and 21Shares’ ARKB with $12.64 million, Franklin’s EZBC with $6.11 million, Vaneck’s HODL with $5.97 million, Invesco’s BTCO with $5.24 million, and Grayscale’s BTC with $4.65 million.
Similarly, ether ETFs reversed the outflow trend with a net inflow of $67.77 million. Blackrock’s ETHA led the ether inflows with $79.86 million with Fidelity’s FETH and Grayscale’s ETH adding $15.41 million and $12.79 million respectively. However, Grayscale’s ETHE saw a substantial outflow of $40.29 million, partially offsetting the gains.
As of Jan. 30, bitcoin ETFs collectively hold $123.43 billion in net assets, 5.94% of bitcoin’s market valuation while ether ETFs stand at $11.78 billion, 3.02% of ether’s market cap.
