Bitcoin and Ethereum spot exchange-traded funds (ETFs) saw substantial net inflows last week, according to newly released data. Between January 21 and January 24 (Eastern Time), Bitcoin spot ETFs collectively received $1.76 billion in investments, with BlackRock’s IBIT ETF accounting for $1.32 billion of the total.
Ethereum spot ETFs also experienced significant activity, recording net inflows of $139 million during the same period. The BlackRock Ethereum ETF (ETHA) was responsible for $135 million of these investments, highlighting BlackRock’s dominant position in the cryptocurrency ETF market.
Bitcoin ETFs Dominate Inflows
Bitcoin spot ETFs attracted the lion’s share of institutional and retail interest last week. The $1.76 billion in inflows represents strong market confidence in the leading cryptocurrency despite recent market volatility. BlackRock’s IBIT ETF emerged as the primary beneficiary, receiving nearly 75% of total Bitcoin ETF investments for the week.
The surge in Bitcoin ETF activity coincides with heightened interest in regulated cryptocurrency investment vehicles as investors seek diversified exposure to digital assets.
Last week (January 21 to January 24, Eastern Time), Bitcoin spot ETFs had a weekly net inflow of US$1.76 billion. Blackrock Bitcoin ETF IBIT had a weekly net inflow of US$1.32 billion.https://t.co/YanotfbWiJ pic.twitter.com/0kQoHUbuiM
— Wu Blockchain (@WuBlockchain) January 27, 2025
Ethereum ETFs See Growth, Led by BlackRock
Ethereum spot ETFs, while seeing smaller inflows compared to Bitcoin, also garnered attention from investors. The $139 million in net inflows reflects steady demand for Ethereum-focused investment products. BlackRock’s ETHA ETF contributed 97% of the total, cementing its leadership in the Ethereum ETF market.
The growing inflows into Ethereum ETFs suggest increasing investor interest in the second-largest cryptocurrency by market capitalization. Analysts attribute this to Ethereum’s role in powering decentralized finance (DeFi) applications and its shift to a proof-of-stake consensus mechanism.
Last week (January 21 to January 24, Eastern Time), the Ethereum spot ETF had a net inflow of US$139 million. The Blackrock Ethereum ETF ETHA had a weekly net inflow of US$135 million.https://t.co/Tvs2oCSxTg pic.twitter.com/IVS2ii3NUa
— Wu Blockchain (@WuBlockchain) January 27, 2025
Broader Implications for Crypto ETFs
The significant inflows into Bitcoin and Ethereum ETFs underline the continued institutional adoption of cryptocurrency investment products. The data highlights BlackRock’s dominant market position, with its Bitcoin and Ethereum ETFs accounting for a combined $1.45 billion of the week’s inflows.
As the cryptocurrency market matures, spot ETFs are increasingly viewed as a more stable and regulated investment option for institutional and retail investors alike. Market analysts will be closely watching whether this momentum continues in the coming weeks.
Both Bitcoin and Ethereum remain focal points for investors, driving the performance of their respective ETFs as the broader digital asset market navigates regulatory challenges and evolving sentiment.
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