Bitcoin and Ethereum ETFs are experiencing hefty Investments from Fidelity and BlackRock as the crypto investments remain competitive. Analyzing Lookonchain’s data, there is considerable activity in the top ETFs, where with $828.97 million, inflows to Bitcoin dominated the market, and Ethereum with $122.72 million.
Jan 7 Update:10 #Bitcoin ETFsNetFlow: +8,238 $BTC(+$828.97M)#Fidelity inflows 3,625 $BTC($364.8M) and currently holds 209,135 $BTC($21.05B).9 #Ethereum ETFsNetFlow: +33,780 $ETH(+$122.72M)#iShares(Blackrock) inflows 33,618 $ETH($122.14M) and currently holds 1,114,423… pic.twitter.com/FEs5tEBmNo
— Lookonchain (@lookonchain) January 7, 2025
Bitcoin ETFs Surge: Fidelity and BlackRock Lead
Combined, Bitcoin ETFs bought 8,238 BTC within a day, amounting to about $828.97 million. The most significant acquisition was the Wise Origin Bitcoin Fund (FBTC) of Fidelity, which purchased 3,625 BTC and cost $364.8 million in total. This brought the total fund holdings to 209,135 BTC, equivalent to $21.05 billion.
At the same time, the largest organization is BlackRock’s iShares Bitcoin Trust (IBIT), as it holds the biggest stocks overall with 553,123 BTC. It experienced a 7-day net inflow of 955 BTC, and over the last 24 hours, the fund has had a net BTC inflow of 2,047.
Other significant Bitcoin ETF changes include ARK 21Shares Bitcoin ETF (ARKB), which purchased 1,495 BTC, and Bitwise Bitcoin ETF (BITB), which bought 697 BTC.
Even though Franklin Bitcoin ETF recorded a small outflow at -29 BTC and Grayscale Bitcoin Trust recorded a minor outflow at -25 BTC, the overall trend looks very positive for Bitcoin ETFs.
Ethereum ETFs Show Robust Growth
Ethereum ETFs were also a significant contributor to the net inflows, having added 33,780 ETH, which amounts to $122.72 million. The ETF that gained the most was BlackRock’s iShares Ethereum Trust (ETHA), which acquired 33,618 ETH, equivalent to $122.14 million. It now has 1,114,423 ETH in its reserves, which amounts to around $4.05 billion.
One of the main drivers is Fidelity Ethereum Fund (FETH), which was reported to have purchased 1,250 ETH within a day, bringing its 7-day total to 18,250 ETH. By contrast, Bitwise Ethereum ETF (ETHW) experienced a different result with a 7-day net outflow of 16,214 ETH.
A Booming Market for Crypto ETFs
According to available data, Bitcoin ETFs own 1,136,729 BTC ($114.39 billion), while Ethereum ETFs own 3,651,043 ETH ($13.26 billion). This is evidenced by inflows from institutional investors such as Fidelity Investments and BlackRock, making digital assets more popular as investment avenues.
These funds will attract the attention of market participants in the coming days as the expression of institutional interest in crypto exposure keeps on growing.
