January 23, 2025
Bitcoin, Ethereum ETFs Attract Record Inflows Despite Market Volatility, Policy Uncertainty – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
 #CriptoNews

Bitcoin, Ethereum ETFs Attract Record Inflows Despite Market Volatility, Policy Uncertainty – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC) #CriptoNews

Financial Insights That Matter

Bitcoin BTC/USD and Ethereum ETH/USD spot ETFs registered inflows of $3.26 billion and $74.43 million, respectively, over the past four days.

The surge comes despite President Donald Trump‘s unexpected omission of crypto-talk in his inauguration speech and the following volatility in the cryptocurrency market.

The record inflow occurred on Jan. 17, Sosovalue data shows. Some $1.08 billion flowed into various Bitcoin funds. On Jan. 21, the inflows were $802.5 million.

Bitcoin ETFs

  • BlackRock’s iShares Bitcoin Trust It will go gained the most with $661.86 million net inflows.
  • Grayscale’s Bitcoin Mini Trust BTC saw an inflow of $136.39 million
  • ARK 21Shares Bitcoin ETF ARKB brought in $8.51 million.
  • Fidelity Wise Origin Bitcoin Fund FBTC attracted $6.97 million.

Only Bitwise’s Bitcoin ETF BITB experienced an outflow for the day, with the fund losing $17.41 million.

Bitcoin spot ETFs collectively manage $123.59 billion net asset value. That’s equal to about 5.88% of Bitcoin’s total market value.

See Also: New Bond ETF Aims For High Income Through Flexible Multi-Asset Strategy

Ethereum ETFs

  • BlackRock’s iShares Ethereum Trust ETF ETHA led the way with $56.31 million.
  • Grayscale’s Ethereum Mini Trust ETH fund brought in $12.49 million
  • VanEck Ethereum ETF ETHV attracted $3.65 million
  • Fidelity’s Ethereum Fund CONQUEST gained $3.32 million.

Overall, nine spot Ether ETFs now manage $12.07 billion in assets, which is equivalent to about 3% of Ether’s market capitalization.

Trump’s reticence on cryptocurrency at his inauguration was blamed for Bitcoin falling from $106,000 before the president’s address to $101,000 during the speech, It’s currently hovering at around $104,000.

Solana was also under pressure and fell almost 10% from its all-time high. Investors may be betting on the long-term vision of the future of crypto and taking this as an opportunity to enter the crypto world.

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Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

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