Bitcoin Spot ETFs Record $307M Weekly Inflows as Ethereum ETFs See Mixed Activity
According to SosoValue’s on-chain statistics, Bitcoin spot exchange-traded funds (ETFs) saw a net inflow of $307 million from January 6 to January 10. Among the notable contributors, BlackRock’s IBIT ETF led the profits surge with a weekly net inflow of $498 million. In contrast, the ARKB ETF, managed by ARK Invest and 21Shares, recorded a net outflow of $202 million, highlighting divergent investor sentiment within the Bitcoin ETF market. Last week (January 6 to January 10, Eastern Time), Bitcoin spot ETFs had a net inflow of $307 million last week. Blackrock ETF IBIT had a weekly net inflow of $498 million, and Ark & 21 Shares ETF ARKB had a weekly net outflow of $202 million.https://t.co/YanotfbWiJ pic.twitter.com/NoDXtMRIEV — Wu Blockchain (@WuBlockchain) January 13, 2025 The impressive performance of BlackRock’s ETF underscores the growing institutional interest in Bitcoin. Despite these inflows, the outflows from ARKB suggest that not all providers are experiencing consistent demand, reflecting varied investor strategies and market conditions. Ethereum Spot ETFs Report Mixed Results Ethereum spot ETFs experienced a net outflow of $186 million during the same period. BlackRock’s ETHA ETF was the standout performer, achieving a weekly net inflow of $124 million. However, Fidelity’s FETH ETF recorded $276 million in weekly losses, indicating a more cautious sentiment toward Ethereum than Bitcoin during this timeframe. Last week (January 6 to January 10, EST), Ethereum spot ETFs had a net outflow of $186 million. Only Blackrock ETF ETHA achieved a weekly net inflow of $124 million. Fidelity ETF FETH had a weekly net outflow of $276 million.https://t.co/Tvs2oCSxTg pic.twitter.com/U0f89peAOt — Wu Blockchain (@WuBlockchain) January 13, 2025 The disparity between the performance of Ethereum ETFs could reflect market participants’ differing views on Ethereum’s future utility, particularly regarding its use in decentralized finance (DeFi) and smart contract applications. Market Trends and Implications The contrasting trends in Bitcoin and Ethereum ETFs highlight evolving investor preferences and potential shifts in market dynamics. The Bitcoin ETF market continues to benefit from broader institutional support. On the contrary, Ethereum ETFs seem to face more challenges, possibly linked to macroeconomic factors or sector-specific concerns. BlackRock’s dominance in both Bitcoin and Ethereum ETF inflows suggests that its established reputation and expansive resources are key drivers of investor confidence. Meanwhile, the outflows from competing ETFs like ARKB and FETH could indicate increased competition and the need for smaller issuers to differentiate their offerings. Overall, These trends will likely influence how ETF providers position their products to align with shifting market demands. Further developments in the regulatory landscape and broader adoption of cryptocurrencies could also play a pivotal role in shaping future inflows.
BTC ETFs See $245 Million in Weekly Inflows, While ETH ETFs Face $38 Million in Outflows
In the week spanning December 30 to January 3, Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded a net inflow of $245 million, signaling sustained investor interest in the leading cryptocurrency. Notably, Fidelity’s Bitcoin ETF (FBTC) led the market with a weekly net inflow of $275 million, according to data reported by SosoValue. Last week (December 30 to January 3, EST), Bitcoin spot ETFs had a net inflow of $245 million, and Fidelity ETF FBTC had a weekly net inflow of $275 million.https://t.co/YanotfbWiJ pic.twitter.com/2ZgHKotf77 — Wu Blockchain (@WuBlockchain) January 6, 2025 In contrast, Ethereum (EBspot ETFs experienced a net outflow of $38.2 million during the same period. The Ethereum spot ETF with the largest outflows was the one managed by Bitwise Ethereum ETF (ETHW), which saw a net outflow of $56.11 million, as reported by SosoValue. Last week (December 30 to January 3, EST), the Ethereum spot ETF had a net outflow of $38.1992million. The Ethereum spot ETF with the largest net outflow last week was Bitwise Ethereum ETHW, with a weekly net outflow of $56.11million. https://t.co/Tvs2oCSxTg pic.twitter.com/0oJ9wp4uLb — Wu Blockchain (@WuBlockchain) January 6, 2025 Possible Implications These contrasting fund flows highlight differing investor sentiments toward Bitcoin and Ethereum. The substantial inflows into Bitcoin ETFs suggest a bullish outlook among investors, while the outflows from Ethereum ETFs may indicate a more cautious stance. ETFs offer investors exposure to cryptocurrencies without the need to directly purchase and store digital assets. The recent inflows and outflows in these funds provide insights into market sentiment and potential future price movements for Bitcoin and Ethereum. Bitcoin and Ethereum Prices Break Above Crucial Levels At the time of writing, Bitcoin has broken above $100K, following a 3.8% upswing in the past 24 hours. The flagship cryptocurrency is changing hands at about $102,260 with a market capitalization of approximately $2.025 trillion. It is worth noting that BTC fluctuated between $97,951.31 and $102,482 within a day, highlighting its massive leap in the short timeframe. Similarly, Ethereum finally exceeded $3,500 after appreciating by 1.5% in the past 24 hours. It is priced at roughly $3,690, with a market capitalization of $444.4 billion. Today, ETH reflected minimum and maximum prices, ranging between $3,612.77 and $3,737.69. The price extremes spotlighted Ethereum’s concentrated efforts to reclaim the $4,000 mark. Moreover, the world’s most valuable altcoin 24-hour trading volume is up by 76.06%, with a valuation of $23.37 billion.
Bitcoin and Ethereum ETFs Suffer Outflows for the Second Day Straight
On December 20, Bitcoin (BTC) and Ethereum (ETH) Exchange Traded Funds (ETFs) recorded net outflows to extend their losing streak to a second consecutive day amid a generalized crypto market decline. Notably, the past few days saw a decline from its all-time high (ATH) of about $108,000 to levels below $100,000, even touching $92,000 at some point. Ethereum spot ETF had a net inflow of $62.73 million from December 16 to December 20 last week, maintaining net inflow for 4 consecutive weeks. Blackrock ETF ETHA had a weekly net inflow of $144 million.https://t.co/Tvs2oCSxTg pic.twitter.com/8AJ4gab0PS — Wu Blockchain (@WuBlockchain) December 23, 2024 As expected, Bitcoin and Ethereum Exchange Traded Funds (ETFs) mirrored the declining trend, which resulted in Bitcoin ETFs recording their highest-ever outflows on Thursday, December 19. Per SosoValue’s ETF flow data, the commodities witnessed losses of about $671.9 million on Thursday to end their fifteen days of consecutive net inflows. Similarly, Ethereum ETFs’ straight eighteen profitable outings ended on December 19 after encountering losses of about $60.47 million. The outflow trend has persisted, with the most recent data revealing that Bitcoin ETFs experienced losses valued at about $276.93 million. Like Bitcoin, Ethereum ETFs attracted roughly $75.12 million in net outflows. Despite the two consecutive losses, Bitcoin and Ethereum commodities ended the week profitably. For context, BTC and ETH ETFs registered weekly gains of about $449.25 million and $62.73 million, respectively. Bitcoin spot ETF had a net inflow of US$449 million from December 16 to December 20 last week, and BlackRock ETF IBIT had a weekly net inflow of US$1.45 billion. https://t.co/YanotfbWiJ pic.twitter.com/v48SxymqF6 — Wu Blockchain (@WuBlockchain) December 23, 2024 ARKB Tops Bitcoin ETFs Losses Charts In the most recent ETF flow data, six Bitcoin ETFs were active, while five witnessed zero flows. Notedly, only two entities among the active ETFs recorded profits, as the remaining four encountered only losses. The profitable entities were Grayscale Mini Bitcoin ETF (BTC), with about $6.41 million, and Franklin Bitcoin ETF (EZBC) with approximately $5.61 million. In losses, ARK 21Shares led the losses charts with outflows worth approximately $87.01 million. Other entities that experienced outflows were BlackRock Bitcoin ETF (IBIT) ($72.70 million), Fidelity Bitcoin ETF (FBTC) ($71.89 million), and Grayscale Bitcoin ETF ($57.36 million). Following the recent inputs, Bitcoin ETF cumulative net inflows have soared to about $36.05 billion. The total value traded was about $4.09 billion, while the total net assets reflected approximately $109.72 billion. It is worth noting that the total net assets represent 5.75% of Bitcoin’s market cap. ETHA Record Over $100 Million in Losses Unlike Bitcoin, only four entities were active. Three recorded net inflows, while only one witnessed losses. Per SosoValue’s statistics, the only outflow valued at about $103.68 million came from BlackRock Ethereum ETF. On the other hand, Fidelity Ethereum ETF (FETH), Grayscale Mini Ethereum ETF (ETH), and Grayscale Ethereum ETF (ETHE). They registered gains of about $12.95 million, $8.1 million, and $7.51 million. With the latest contribution, the cumulative net inflow was about $2.33 billion. Meanwhile, the total value traded was about $789.47 million. The total net assets valuation reflected $12.15 billion, representing 2.93% of Ethereum’s $408.86 billion market capitalization.
