Bitcoin ETFs Surge with $1.76B Inflows, Ethereum ETFs Struggle

Last week, Bitcoin ETFs saw a massive surge in inflows. According to data from SpotOnChain, Bitcoin exchange-traded funds (ETFs) saw a total inflow of $1.76 billion from 21 to 24 January 2025.

Capital flowed into the digital asset, unleashing a spike in price that saw Bitcoin reach more than $109,000. In sharp contrast, despite the price of Ethereum ($ETH) coming off a run that saw it up 75% to achieve an all-time high, Ethereum ETF inflows proved to be stagnant.

Bitcoin ETFs Lead the Charge: $1.76B Inflows Propel $BTC to New Heights

President Donald Trump’s second term started with a historic week for Bitcoin ETFs. Bitcoin-focused funds received a massive $1.76 billion investment from investors who returned with renewed confidence in Bitcoin as a haven asset given the periods of global economic uncertainty.

The key driver of the inbounds was BlackRock’s Bitcoin ETB (IBIT), which took in a whopping $1.32bn. That makes IBIT’s historical net inflow $39.73 billion, solidifying more of its control in the market.

Next up for its weekly net inflow was Fidelity’s BTC ETF (FBTC), which sees an additional $202 million, further raising its cumulative historical inflows to $13.04 billion.

However, not all Bitcoin ETFs rose to the occasion. Bitcoin Trust by Grayscale (GBTC) recorded the most significant net outflows, $97.87 million in capital. Blackrock’s and Fidelity’s regulated spot ETFs are essentially the most popular in the market.

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Bitcoin ETFs’ total net asset value now amounts to $123.058 billion, corresponding to 5.92% of Bitcoin’s market cap. Bitcoin ETFs have been an increasingly important part of the cryptocurrency investment ecosystem, with historical cumulative net inflows of nearly $40B into Bitcoin ETFs.

These inflows have directly benefited Bitcoin’s price rally to over $109,000. As Institutional investors increasingly see Bitcoin as a hedge against inflation, economic instability, and other risks, demand for ETFs that provide exposure to the asset without its direct complications could continue to grow.

Ethereum ETFs Falter: $ETH Struggles to Gain Momentum

While Bitcoin ETFs saw new heights of growth, Ethereum ETFs did not. Over the same period, Ethereum ETFs saw a meager $139.4 million in net inflows. While the second largest cryptocurrency by market capitalization, Ethereum has failed to attract the same institutional interest as Bitcoin.

Ethereum has been struggling to climb out of its slump, with its price still 27% off from its all-time high. Although there were very few inflows into some Ethereum ETFs, the sentiment around investing in Ethereum has been lukewarm.

The possible reasons behind this lack of enthusiasm, at least, are Ethereum’s slower price recovery, competition from emerging Layer-1 blockchains, and uncertainties about scalability.

According to SpotOnChain data, Bitcoin ETFs averaged daily inflows of at least $400 million and as high as $800 million, while Ethereum ETFs didn’t make $75 million in a single day. Chart analysis also shows how much traffic in Bitcoin and Ethereum differs, with Bitcoin far ahead of Ethereum in investors’ demand.