Bitcoin ETFs Gain $548 Million in 12-Day Streak Led by Blackrock and Fidelity

Bitcoin exchange-traded funds (ETFs) have experienced a remarkable 12-day streak of inflows, accumulating a total of $548 million. This surge was significantly bolstered by major financial institutions Blackrock and Fidelity, highlighting the growing institutional interest in cryptocurrencies. Blackrock’s IBIT led the way with $340.28 million in fresh capital, while Fidelity’s FBTC followed closely with $115.19 million. Ark 21Shares’ ARKB attracted $70.20 million, Bitwise’s BITB brought in $12.90 million, and Vaneck’s HODL added $9.14 million. The total value traded reached $3.17 billion, pushing the total net assets for Bitcoin ETFs to $133.56 billion, marking a new milestone.

Ether ETFs also maintained their upward momentum, with a net inflow of $60.41 million. Blackrock’s ETHA was the standout performer, bringing in $55.18 million, while Bitwise’s ETHW added $5.23 million. Although the volume was more subdued compared to Bitcoin ETFs, Ether funds still recorded $345.95 million in daily trades, and net assets increased to $9.91 billion.

This sustained inflow of capital into both Bitcoin and Ether ETFs underscores the growing institutional demand for digital assets. The involvement of major asset managers like Blackrock and Fidelity adds credibility to the cryptocurrency market, suggesting that more institutional investors may follow. This trend reflects a broader shift in the financial landscape, where traditional investment firms are increasingly allocating resources to cryptocurrencies. The continuous support from these institutions indicates that digital assets are being taken seriously by the traditional financial sector, which could have long-term implications for the stability and regulation of the cryptocurrency market. As more institutional investors enter the space, it is likely that the market will become more stable and regulated, potentially attracting even more investors in the future.