The crypto market keeps attracting institutional interest as the latest data concerning the Ethereum and Bitcoin ETFs discloses more inflows. As per the data from Lookonchain, a popular on-chain analytics platform, Bitcoin ETFs saw a substantial amount of 4,772 $BTC in net inflows while Ethereum ETFs added 1,153 $ETH. The analytics provider took to social media to offer exclusive statistics about the ETF inflows.
Bitcoin ETFs Add 9.27M While BlackRock Leads with 5.81M in Inflows
In line with Lookonchain’s data, the remarkable inflow of 4,772 $BTC accounts for a significant $319.27M. BlackRock’s iShares ETF has led the market with a huge contribution of up to 4,869 $BTC in terms of inflow. This figure reportedly equals to $325.81M. With the respective inclusion, the cumulative Bitcoin holdings of BlackRock have reached a stunning 391,484 $BTC. This amount accounts for more than $26.19B in total.
The spike in $BTC ETF inflows signifies that institutional investors are taking more and more interest. BlackRock, which stands among the biggest asset management companies, has gradually expanded $BTC holdings. This mirrors the wider acceptance of the top crypto asset in the mainstream. While the market capitalization of Bitcoin can exceed $500B, exchange-traded funds facilitate conventional investors. They can leverage Bitcoin ETFs to get exposure to the chief crypto asset without straightly holding it.
Ethereum ETFs See a Similar Trend with Net Inflows of M Worth
On the other hand, a similar trend has taken place among the Ethereum ETFs. The cumulative inflows into $ETH ETFs have touched 1,153 $ETH, accounting for $3M. Again, BlackRock’s $ETH ETF solely added 1,818 $ETH tokens. They reportedly equal $4.74M to the ETF’s holdings. As a result of this, it currently holds 435,072 $ETH in assets under management with a value of $1.13B.
