Quickly understand the history and background of various well-known coins

Bitcoin and Ethereum ETFs Surge: $600M Inflows, SEC Approval Looms

Coin WorldFriday, Jan 31, 2025 3:40 am ET

1min read

Bitcoin and Ethereum ETFs have seen a significant surge in inflows and a recovery in investor interest, according to recent data. The total inflows into Bitcoin ETFs on Jan. 30 reached $588.22 million, a nearly 540% increase from the previous day. BlackRock's IBIT led the inflows, attracting $321.5 million, followed by Fidelity's FBTC with $209.14 million. Other Bitcoin ETFs, such as Bitwise's BITB and ARK 21Shares' ARKB, also saw inflows of $22.98 million and $12.64 million, respectively.

Notably, none of the Bitcoin ETFs experienced outflows on the day. The total trading volume of these investment products stood at $2.94 billion, and the cumulative total net inflow surpassed $40 billion for the first time since their launch. The Bitcoin ETFs now hold total net assets of $123.43 billion, marking 5.94% of the total Bitcoin supply.

Ethereum ETFs also saw a recovery, with $67.77 million entering the funds on Jan. 30, ending three days of negative momentum. BlackRock's ETHA led the inflows, with investors pouring $79.86 million into the fund. Fidelity's FETH recorded inflows of $15.41 million, while Grayscale's Mini Ethereum Trust attracted $12.79 million. However, Grayscale's ETHE fund was the only outlier, reporting an outflow of $40.29 million, which offset a significant portion of the inflows. The total trading volume for these investment vehicles stood at $306.99 million, with total net inflows since launch reaching $2.73 billion.

The surge in inflows and recovery in investor interest for Bitcoin and Ethereum ETFs come as the U.S. Securities and Exchange Commission (SEC) granted initial approval to Bitwise Asset Management's Bitcoin and Ethereum ETF. The SEC granted accelerated approval to the ETF's 19b-4 filing, which allows an exchange to list and trade a new financial product. The ETF now awaits the regulator's decision on its S-1 registration, the final step

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.