On January 23, Bitcoin and Ethereum ETFs experienced impressive net inflows, which highlighted continued demand and increasing confidence in crypto-focused ETFs.
Bitcoin and Ether ETFs received $3.12 billion
Bitcoin ETFs saw a record inflow of $2.76 billion in the fourth week of January (20th to 26th), according to the latest data.
BlackRock's IBIT led the inflows with $1.933 billion this week. According to the data, Blackrock's Bitcoin ETF now holds a total of $60.41 billion.
While Fidelity's FBTC came in second with an inflow of $338.68 million, ARK's ARKB saw an inflow of $255.75 million during the period.
Other Bitcoin funds, including Bitwise's BITB, Vaneck's HODL, Valkyrie's BRRR, and Grayscale's BTC experienced outflows of $159.10 million, $35.76 million, $3.69 million, and $171.97 million over the week respectively.
Meanwhile, Ether ETFs also saw inflows of $356.77 million to ETH funds this week.
Blackrock's ETHA led the inflows into all other Ethereum ETFs this week. According to the data, Blackrock's ETHA saw an inflow of $251.39 million this week.
Fidelity's Ether ETF followed with an inflow of $94.31 million over the week, asserting its presence as a strong competitor in the crypto investment landscape. Other Ethereum ETFs (as mentioned in the data) also contributed positively to the weekly inflows.
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