U.S. Bitcoin ETFs See $1.42B Inflows as Ethereum ETFs Stay Strong

  • On January 14, the strongest one-day performance was recorded, having $843.62 million in net inflows.
  • The overall net assets for Ethereum ETF products attained $20.42 billion by the conclusion of the week.

In the trading week that started on January 12 and extended to January 16, the U.S. spot Bitcoin ETFs listed around $1.42 billion in net inflows. 

IBIT from BlackRock was prominently leading with around $1.035 billion in allotments, accounting for around 73% of overall weekly inflows across all Bitcoin ETF products. Spot Ethereum ETFs recorded around $479.04 million in net inflows in the same period. 

ETHA by BlackRock was first among all ETH products with $219 million in inflows, accounting for 46% of weekly Ethereum ETF flows. Bitcoin ETF flows were not the same over the five trading days. 

On January 14, the strongest one-day performance was recorded, having $843.62 million in net inflows. Before this, January 13 was marked with $753.73 million in positive flows. Following this, on January 16, the sole daily outflow was listed at -$394.68 million. 

January 15 is listed as $100.18 million in inflows, and on Sunday, January 12, it accumulated $116.67 million. The overall net asset over all Bitcoin ETF products attained $124.56 billion by week’s end. 

Other Inflows 

The total net inflow since rollout stood at $57.82 billion, and trading volume for the week stood at $21.77 billion over all Bitcoin ETF products. The last week, concluding January 9, listed -$681.01 million in outflows, taking this week’s $1.42 billion swing to a turnaround of more than $2.1 billion in flow direction. 

ETH ETFs witnessed a consistent daily inflow in most of the week. On January 14, the biggest single-day gain at $175 million was recorded, and on January 15th, it stood at $164.37 million. 

The overall net assets for Ethereum ETF products attained $20.42 billion by the conclusion of the week. Since the rollout, the cumulative net inflows have reached $12.91 billion. Weekly trading volume over all Ethereum ETF products cumulated to $7.74 billion. 

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Source: https://thenewscrypto.com/u-s-bitcoin-etfs-see-1-42b-inflows-as-ethereum-etfs-stay-strong/