Bitcoin ETF Inflows Surge 500%, Ether ETFs Start to Recover

The surge in Bitcoin exchange-traded funds (ETFs) in the U.S. has been remarkable, with significant inflows recorded on January 30, marking a major shift in investor sentiment. The inflows into Bitcoin ETFs saw a substantial jump of nearly 540% from the previous day, with the 12 spot Bitcoin ETFs attracting a total of $588.22 million in inflows.

Leading the charge was BlackRock’s IBIT, which secured $321.5 million in inflows. Other notable funds included Fidelity’s FBTC with $209.14 million, Bitwise’s BITB at $22.98 million, and ARK 21Shares’ ARKB, which saw $12.64 million in inflows. In a significant development, none of the BTC ETFs reported outflows on that day, signaling growing investor confidence.

Other Bitcoin ETFs contributing to the positive momentum included:

• Franklin Templeton’s EZBC: $6.11 million
• VanEck’s HODL: $5.97 million
• Invesco Galaxy’s BTCO: $5.24 million
• Grayscale’s mini Bitcoin Trust: $4.65 million

The total trading volume for these Bitcoin ETFs hit $2.94 billion, while the cumulative total net inflow surpassed $40 billion for the first time since their launch. Currently, these BTC ETFs hold $123.43 billion in assets under management, representing 5.94% of the total Bitcoin supply. Despite a slight dip in Bitcoin’s price by 0.8%, which traded at $104,267, the market sentiment remains strong, with investors flocking to Bitcoin-focused funds.

Ether ETFs Bounce Back

While Ether ETFs experienced a period of weakness, they showed signs of recovery on January 30, with $67.77 million in inflows, reversing the previous three days of outflows. In those earlier days, $141.07 million had exited these funds. The return of positive momentum was led by BlackRock’s ETHA, which attracted $79.86 million in inflows.

Other Ethereum ETFs saw varying levels of inflows:

• Fidelity’s FETH: $15.41 million
• Grayscale’s Mini Ethereum Trust: $12.79 million

However, Grayscale’s ETHE fund was the only outlier, experiencing an outflow of $40.29 million, which partially offset the overall positive momentum.

The total trading volume for the nine Ethereum ETFs reached $306.99 million, with the total net inflows since their inception reaching $2.73 billion. Ethereum’s price saw a modest uptick of 1.5%, trading at $3,248 at press time.

This rebound in Ether ETF inflows, coupled with Bitcoin’s strong performance, reflects the growing institutional interest and increasing adoption of both Bitcoin and Ethereum as legitimate investment vehicles in the broader financial markets.