On January 23, Bitcoin and Ethereum ETFs experienced impressive net inflows, which highlighted continued demand and increasing confidence in crypto-focused ETFs.
According to the latest data from Lookonchain, Bitcoin ETFs witnessed a net inflow of $310.11 million today. On the other hand, Ethereum ETFs registered a net influx of $101.56 million over the same day.
Bitcoin and Ether ETFs received $3.12 billion
A deeper analysis of the data indicated interesting events. First, Bitcoin spot ETFs experienced a record inflow of $2.76 billion this week, the fourth week of January 2025 (20th to 26th).
BlackRock’s IBIT became noticeable with its inflows of $1.933 billion over the week. Blackrock’s Bitcoin ETF currently holds a total of $60.41 billion, according to the data.
While Fidelity’s FBTC became the second top performer with an inflow of $338.68 million, ARK’s ARKB registered an inflow of $255.75 million during the period.
Other Bitcoin funds, including Bitwise’s BITB, Vaneck’s HODL, Valkyrie’s BRRR, and Grayscale’s BTC experienced outflows of $159.10 million, $35.76 million, $3.69 million, and $171.97 million over the week respectively.
On the other hand, Ethereum spot EFTs also attracted impressive investments this week as Ether funds registered a total of $356.77 million in inflows.
Blackrock’s ETHA outperformed all other Ethereum ETFs as it contributed a lot of inflows received this week. According to data, Blackrock’s ETHA witnessed an inflow of $251.39 million during this week.
Fidelity’s Ether ETF followed with an inflow of $94.31 million over the week, validating its presence as a strong competitor in the crypto investment landscape. Other Ethereum ETFs (as mentioned in the data) also contributed positively to the weekly inflows.
Why BTC and ETH funds gaining momentum
The move by Bitcoin and Ethereum’s ETFs recording impressive inflows signals increased investor optimism for virtual assets. This reflects significant enthusiasm in the crypto market as BTC and ETH continue to attract attention from institutional investors and even retail traders.
These strong inflows signify rising confidence in BTC and ETH’s market potential, boosted by positive performance anticipation for virtual currencies. This momentum coincides with wider trends in the cryptocurrency industry, which has experienced heightened activity and market sentiment, especially fueled by crypto advocate President Donald Trump.
