Bitcoin ETF Recorded Weekly Inflows, Ethereum ETF Also Surges

Bitcoin ETF Leads with $1.76B Weekly Inflows, Ethereum ETF Follows

The cryptocurrency market witnessed significant movements in the Spot Bitcoin ETF and Spot Ethereum ETF segments last week (January 21–24, Eastern Time), with notable net inflows indicating investor interest in these assets.

Ethereum Spot ETF Surge: Strong Weekly Inflows

The Ethereum Spot ETF recorded a net inflow of $139 million last week, highlighting growing investor confidence in Ethereum-based exchange-traded funds. The BlackRock Ethereum ETF (ETHA) led the pack with an impressive $135 million weekly inflow. As of January 24, the spot Ethereum ETF news reported a daily net inflow of $9.18 million and a cumulative total inflow of $2.80 billion, underlining the rising demand for Spot Ethereum ETFs.

Source: SoSoValue

On January 24, Bitwise Ethereum ETF (ETHW) recorded the highest daily inflow at $6.01 million, while 21Shares ETF (CETH) registered the lowest inflow at $1.17 million. Meanwhile, Ethereum was trading at $3,150.85, after a 5.76% intraday drop, with a market cap of $379.85 billion and a 24-hour trading volume of $20.31 billion.

Bitcoin Spot ETF Inflow Outpaces Ethereum

In the Bitcoin Spot ETF market, the total weekly net inflows were significantly higher, reaching $1.76 billion. The BlackRock Bitcoin ETF (IBIT) emerged as the leader with $1.32 billion in weekly inflows.

Daily inflows for the Spot Bitcoin ETF stood at $517.67 million as of January 24, while the cumulative total net inflows amounted to $39.94 billion. The Spot Bitcoin ETF news highlighted a stark comparison in trading volume and total assets, with Bitcoin ETFs managing $3.65 billion in daily value traded and $123.06 billion in total net assets, representing 5.92% of Bitcoin's market cap.

Source: SoSoValue

On January 24, Fidelity Bitcoin ETF (FBTC) reported the highest inflow of $186.07 million, while WisdomTree ETF recorded the lowest at $2.76 million. Bitcoin was trading at $100,558.33, with a 4.37% intraday dip, a $1.99 trillion market cap, and $36.61 billion in 24-hour trading volume.

Future of ETFs: XRP, Solana, and Dogecoin ETFs

As the Bitcoin vs Ethereum debate continues in the ETF space, attention is also turning to newer entrants like the XRP ETF, Solana ETF, and Dogecoin ETF, which are anticipated to gain traction as the market evolves. These ETFs aim to diversify crypto investment opportunities and cater to a broader range of institutional and retail investors.

The increasing popularity of Spot ETFs, particularly in Ethereum and Bitcoin, reflects a growing appetite for regulated and accessible crypto investment vehicles. As ETF inflows surge, the crypto market appears poised for further expansion, with new offerings like the XRP ETF.