On January 22, 2025, Lookonchain revealed notable net inflows into Bitcoin and Ethereum exchange-traded funds (ETFs), highlighting the increasing interest in these crypto-backed financial instruments. The data suggests robust investor activity across both assets, with BlackRock’s iShares ETFs leading the market.
Bitcoin ETFs collectively witnessed a net inflow of 6,719 BTC, equivalent to approximately $700.94 million. This influx raised total BTC holdings across 10 ETFs to 1,155,726 BTC, valued at $120.57 billion. BlackRock’s iShares Bitcoin Trust (IBIT) stood out, recording an inflow of 6,208 BTC ($647.67 million). IBIT now holds 569,343 BTC, representing $59.4 billion in assets under management.
Other Bitcoin ETFs also saw varying degrees of activity. Fidelity Wise Origin Bitcoin Fund (FBTC) added 66 BTC over the past day and 7,840 BTC over the week, increasing its total holdings to 212,280 BTC. Similarly, ARK 21Shares Bitcoin ETF (ARKB) reported a daily inflow of 86 BTC and a weekly addition of 3,933 BTC, bringing its total to 49,773 BTC.
However, not all ETFs experienced growth. The Bitwise Bitcoin ETF (BITB) reported an outflow of 163 BTC in the past 24 hours but maintained a positive weekly net inflow of 2,167 BTC. Such contrasting trends emphasize varying investor sentiment across different funds.
Ethereum ETFs Surge Under BlackRock’s Dominance
Ethereum ETFs demonstrated even greater activity, with a total net inflow of 18,108 ETH over the past day, equivalent to $59.59 million. This raised total ETH holdings across nine ETFs to 3,634,963 ETH, valued at $11.98 billion. BlackRock’s iShares Ethereum Trust emerged as the dominant player, recording an inflow of 16,959 ETH, amounting to $55.81 million. This brought the fund’s total holdings to 1,176,690 ETH, valued at $3.87 billion, further solidifying its position as a market leader.
Other notable Ethereum ETFs included the Fidelity Ethereum Fund, which saw a daily inflow of 1,000 ETH, boosting its total holdings to 430,041 ETH. The Bitwise Ethereum ETF (ETHW) also added 933 ETH over the past 24 hours, marking a weekly addition of 4,618 ETH and bringing its total holdings to 48,001 ETH. Despite the overall positive sentiment, the Grayscale Ethereum Trust (ETHE) reported an outflow of 381 ETH in the past day and 6,279 ETH over the week, highlighting some divergence in investor activity.
BlackRock’s dominance in both Bitcoin and Ethereum ETFs underscores its influence within the cryptocurrency market. The iShares Bitcoin Trust and iShares Ethereum Trust collectively hold substantial portions of the total assets in their respective categories. The strong inflows reflect growing investor confidence in BlackRock’s ability to offer secure and reliable exposure to cryptocurrencies.
The surge in net inflows for Bitcoin and Ethereum ETFs on January 22 indicates heightened investor interest, driven largely by BlackRock’s leading funds. As cryptocurrencies gain traction in mainstream financial markets, ETFs continue to serve as a bridge, enabling institutional and retail investors to access these digital assets. Analysts predict that this trend could further solidify the position of cryptocurrencies within global financial portfolios.
