$BTC and $ETH ETFs See Major Gains: ARK21Shares Adds $115.7M, Grayscale Ethereum Trust Adds $27.88M
Cryptocurrencies received more fund inflows as investors traded in Bitcoin & Ethereum ETFs. According to Lookonchain, industry big shots like ARK21Shares and Grayscale saw a massive inflow and proven demand from investors.
Bitcoin ETFs Experience Large Inflows:-
Bitcoin ETFs received a netflow of 5,572 BTC, which is roughly $369.85 million. The increase reflects that more people trust Bitcoin and institutional and retail investors seek to invest in the leading cryptocurrency in a safe and regulated manner through ETFs.
ARK21Shares net inflow today, is at 1,743 BTC, which is a sum of around $115.7 million. Today, ARKB holds 47,599 Bitcoins with a value of about $3.16 billion. This upward trend indicates the rise of ARK21Shares and the endless demand for crypto investments through ETFs.
Another large holder includes those of iShares (Blackrock) Bitcoin Trust (IBIT), which has purchased an additional 1,434 BTC, making its overall holdings amount to 363,626 BTC. Another beneficiary was the Fidelity Wise Origin Bitcoin Fund: FBTC purchased an additional 1,136 BTC and, in total, has 178,334 BTC.
There are quite a few other Bitcoin ETFs worth mentioning: Bitwise Bitcoin ETF and Invesco Galaxy Bitcoin ETF saw inflows of 774 BTC and 336 BTC, respectively. Notably, the largest GBTC outflow was 9 BTC, but Grayscale remains the second biggest holder with 220,949 BTC.
Ethereum ETFs Impressive Growth:-
Ethereum-based ETFs also had a good run with a NetFlow of 22,921 $ETH worth $61.66 million. This increase indicates that Ethereum is gradually becoming one of the long-term investment and portfolio managers.
At the forefront was the Grayscale Ethereum Mini Trust, which purchased 10,365 $ETH, taking its total to 390,385 ETH, which is worth $1.05 billion. The daily flow of this trust was $27.88 million, which makes it among the biggest contributors to the Ethereum ETF for the day.
