The crypto sector is going through a significant rise in institutional investments as Ethereum and Bitcoin ETFs have seen substantial inflows. As per Lookonchain, a famous on-chain analytics platform, Bitcoin ETFs have witnessed 3,892 $BTC in cumulative inflows while Ethereum ETFs added 660 $ETH on October 14, mirroring a mounting interest among the institutional investors concerning digital assets. The analytics firm discussed the ETF market on its official social media account.
Bitcoin ETFs Record 3,892 $BTC in Total Inflows on October 14
Lookonchain pointed out that an enormous amount of up to 3,892 $BTC in net inflows of the Bitcoin ETFs equals $257.01M. Fidelity, a prominent asset management firm, has led the Bitcoin ETF sector. The exchange-traded fund has seen an inflow of nearly 1,857 $BTC, accounting for almost $122.65M. As a result of this, the cumulative $BTC holdings of Fidelity have reached 180,068 $BTC. The amount equals a value of $11.89B in total.
Ethereum ETFs Add a Relatively Lesser Amount of 660 $ETH
In the recent week, Bitcoin ETFs effectively gained significant inflows. In line with the data from SoSoValue, a cumulative amount of $308.76M reportedly entered the market of $BTC ETFs from October 7th to October 11th. On the other hand, the Ethereum ETFs denote a decline in inflows in the meantime. As per the data, a total amount of -$5.22M left the Ethereum ETF market.
However, the latest inflows of approximately 660 $ETH tokens indicate a change in the overall market sentiment. This amount equals a value of up to $1.74 million. Once again, Fidelity’s Ethereum ETF dominated the market with 3,500 $ETH (nearly $9.22M) in inflows. With this, the cumulative $ETH holdings of the ETF have touched 151,750 $ETH, accounting for $399.56B.
