📈 On Monday, January 6, 2025, Bitcoin and Ether ETFs in the US market had a strong start to the new year with total inflows reaching $1.1 billion. Fidelity and BlackRock led the way, leading inflows.
📉 The start of the year saw a decline on Thursday, January 2, with outflows of $277.9 million. But the next day, there was a major turnaround, with $966.89 million returning to investment funds. This shift reflects renewed investor confidence in crypto funds.
💵 Of the total inflows, Bitcoin and Ether funds received $987 million, while Ether funds alone attracted $128.7 million. According to Sosovalue data, the largest contributions came from Fidelity’s FBTC fund with $370.24 million, Blackrock’s IBIT fund with $209.08 million, and Ark & 21 Shares’ CBOE funds with $152.92 million.
🔗 Other Bitcoin ETFs that have had positive inflows include Grayscale’s BTC and GBTC funds with over $75 million, and Bitwise’s BITB fund which added $71.19 million. Currently, Bitcoin ETFs hold $116.67 billion worth of Bitcoin, representing 5.77% of Bitcoin’s total market cap.
💧 As for Ether funds, Blackrock’s ETHA fund led inflows with $124.1 million, followed by Fidelity’s FETH fund with $4.62 million. The nine Ether funds combined have a combined value of $13.47 billion, representing 3.03% of the total Ether market cap.
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