Bitcoin (BTC) ETFs See $1.86 Billion in Total Weekly Inflows

The crypto ETF market is making substantial progress amid the increasing optimism. As per Spot On Chain, the BTC and ETH exchange-traded funds witnessed

Bitcoin (BTC) exchange-traded funds (ETFs) witnessed a total of $1.86 billion in weekly inflows, while Ethereum (ETH) ETFs saw $211.9 million, according to data from on-chain analytics platform Spot On Chain.

Highlighting the inflows on social media, Spot On Chain noted a strong performance in the last three trading days, indicating increasing institutional interest in crypto ETFs.

Bitcoin (BTC) ETFs Witnessed $1.86 Billion in Total Weekly Inflows

Bitcoin ETFs saw a net inflow of $1.86 billion in the week from January 13 to 17, according to Spot On Chain. During this week, there was a significant increase in BTC ETF inflows.

The performance coincides with a broader market rally and anticipation ahead of President Donald Trump's inauguration.

Breaking down the inflows, BTC ETFs received $754.8 million in net inflows on January 15. This marks one of the highest single-day inflows over the past 30 days, according to market data. Subsequently, on January 16, BTC ETFs saw an addition of $622.2 million.

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Furthermore, on January 17, the net inflows amounted to $975.6 million. This capital injection contributes to the rising market optimism surrounding Bitcoin, pushing the price of the top crypto token closer to the crucial psychological milestone of $105,000.

Ethereum (ETH) ETFs Saw Weekly Net Inflows of $211.9 Million

Meanwhile, Ethereum ETFs also saw substantial inflows during the week. However, ETH ETFs saw inflows on four days of the week, accumulating a total of $211.9 million.

As per market data, on January 14, a sum of $1.2 million entered the ETH ETF market. Notably, the inflows surged significantly the following day, adding a total of $59.7 million.

Moreover, on January 16, the daily inflows reached $166.6 million. However, on January 17, ETH ETFs saw a relatively lower inflow of $23.9 million.

According to Spot On Chain, these substantial inflows highlight the increasing institutional interest in crypto ETFs. The entry of such vast amounts of capital also bodes well for the long-term viability of these ETFs.

Given the strong performance in the lead-up to the Trump inauguration, the crypto community will be keeping an eye on the further developments and anticipating positive macroeconomic shifts.