Key Takeaways
- U.S. spot Bitcoin ETFs command $116.67 billion in BTC or 5.77% of its market cap.
- Bitcoin ETF demand outpaced BTCX miner production in Dec. 2024.
- U.S. spot Ethereum ETFs hold $13.47 billion in net assets or 3.01% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have pulled a combined $1.11 billion in net inflows as investors begin the year with bullish optimism.
Bitcoin ETFs
As per SoSoValue data, Bitcoin ETFs saw $987.06 million in net inflows on Jan. 6, 2025. This follows on from a huge $908.1 million in net inflows on Jan. 3, their fourth-highest day of inflows ever.
Though outflows were consistent toward the end of December 2024, with a momentary day of exits on Jan. 2, investors have returned to express their long-term optimism in spot BTC funds.
Leading today’s inflows is Fidelity’s Wise Origin Bitcoin Fund (FBTC), which pulled net inflows of $370.24 million, raising its cumulative net inflows to $12.48 billion.
In addition, FBTC has officially overtaken Grayscale’s position for net assets and now commands $21.36 billion in Bitcoin.
Top-performing fund, BlackRock’s iShares Bitcoin Trust (IBIT, bagged $209.08 million, raising its cumulative net inflows to $37.38 billion, and net assets to a gigantic $56.48 billion.
The ARK 21Shares Bitcoin ETF (ARKB) captured a sturdy $152.92 million, raising its cumulative net inflows to $2.48 billion, and cumulative net assets to $5.16 billion, ranking it third.
As for smaller gainers, The Grayscale Bitcoin Mini Trust netted a cool $73.79 million. As did the Grayscale Bitcoin Trust (GBTC), which saw its largest-ever day of inflows totaling $73.79 million. It’s a meager figure for a GBTC, which, since launching, has seen $21.54 billion in net outflows from its fund. The Bitwise Bitcoin ETF (BITB) relished net inflows of $71.19 million.
As for the smaller gainers, the VanEck Bitcoin ETF (HODL) posted $17.33 million, the Franklin Templeton Digital Holdings Trust (EZBC) gained $8.88 million, and Valkyrie’s Bitcoin Fund (BRRR) garnered $8.38 million.
Ethereum ETFs
According to SoSoValue, Ethereum ETF flows continue to trend positively. On Jan. 6, 2025, funds captured $128.72 million in net inflows, marking day two of a renewed inflow streak.
Just two funds make the list today. Up top, BlackRock’s ever-dominant iShares Ethereum Trust (ETHA) pulled $124.11 million, raising its cumulative net inflows to $3.68 billion. ETHA now commands $4.11 billion in net assets.
The second-best-performing ETH fund, Fidelity’s Ethereum Fund (FETH), earned a humble $4.62 million. FETH has seen $1.61 billion in cumulative net inflows and has $5.19 billion in net assets.
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