US Bitcoin ETFs Witness Significant Inflows, Ether ETFs Recover

Bitcoin exchange-traded funds (ETFs) in the United States experienced a substantial jump in inflows on January 30, while Ether ETFs showed signs of recovery after three days of weak flows.

Bitcoin ETFs See 540% Jump in Inflows

According to recent data, the 12 spot Bitcoin ETFs drew in $588.22 million in inflows, nearly a 540% jump from the inflows recorded the previous day. BlackRock’s IBIT took the lead, attracting $321.5 million in inflows from investors. Fidelity’s FBTC followed with an inflow of $209.14 million, while Bitwise’s BITB and ARK 21Shares’ ARKB saw inflows of $22.98 million and $12.64 million, respectively.

Notably, none of the BTC ETFs experienced outflows on the day. Other BTC ETFs contributing to the positive momentum include:

The total trading volume of these investment products stood at $2.94 billion, while the cumulative total net inflow surpassed $40 billion for the first time since their launch. The BTC ETFs now hold total net assets of $123.43 billion, marking 5.94% of the total Bitcoin supply.

At the time of writing, Bitcoin was down 0.8% over the past day, exchanging hands at $104,267 per coin.

Ether ETFs Bounce Back

The nine Ethereum ETFs also flipped to inflows on January 30, with $67.77 million entering the funds, 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 reported an outflow of $40.29 million, which offset a significant portion of the inflows. The remaining five Ethereum ETFs remained neutral. Meanwhile, the total trading volume for these investment vehicles stood at $306.99 million, with total net inflows since launch reaching $2.73 billion.

Over the past 24 hours, Ethereum has risen 1.5%, trading at $3,248 per coin.

For more news and updates on the cryptocurrency market, visit Global Crypto News.

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