Bitcoin and Ethereum ETFs Paste Healthy Inflows: BlackRock Leads the Pack

In a noteworthy development for the crypto market, Bitcoin and Ethereum ETFs witnessed huge inflows on 5th December. As per Lookonchain, the substantial inflows reflect a staggering rise in the institutional interest in Bitcoin and Ethereum ETFs as the former obtained 6,501 $BTC while the latter received 41,414 $ETH. The on-chain analytics platform disclosed the details of these inflows in an exclusive X post.

Dec 5 Update:

10 #Bitcoin ETFs
NetFlow: +6,501 $BTC(+$670.2M)🟢#BlackRock inflows 5,801 $BTC($598.02M) and currently holds 513,438 $BTC($52.93B).

9 #Ethereum ETFs
NetFlow: +41,414 $ETH(+$162.8M)🟢#BlackRock inflows 32,109 $ETH($126.22M) and currently holds 760,979… pic.twitter.com/70FwOLrYa7

— Lookonchain (@lookonchain) December 5, 2024

Bitcoin ETFs Record $6,501 $BTC in Inflows While BlackRock Leads with 5,801

Lookonchain mentioned that Bitcoin ETFs saw up to 6,501 $BTC in cumulative inflows on the 5th of December. This figure accounts for nearly $670.2M. BlackRock’s Bitcoin ETF added 5,801 $BTC, equaling $598.02M. This inflow has raised the cumulative Bitcoin holdings of BlackRock to a remarkable 513,438 $BTC (almost $2.99B). In addition to this, Fidelity’s Bitcoin ETF experienced an inflow of up to 175 $BTC.

Apart from that, Bitwise Bitcoin ETF recorded 65 $BTC. Vaneck Bitcoin Trust saw its inflows reach 170 BTC. Additionally, Invesco Galaxy Bitcoin ETF added 303 $BTC. Two Bitcoin ETFs including ARK 21Shares Bitcoin ETF and Grayscale Bitcoin Trust recorded significant outflows. In this respect, the former lost 4 $BTC while the latter lost 9 $BTC. Contrarily, the rest of the 3 Bitcoin ETFs witnessed no flows.

Ethereum ETFs Add 41,414 $ETH, with BlackRock Accounting for 32,109 $ETH

Similar to the Bitcoin ETFs, Ethereum ETFs also saw a massive amount of 41,414 $ETH in cumulative inflows, denoting $162.8M. BlackRock’s Ethereum ETF added 32,109 $ETH, approximately $126.22M. This inclusion raised the total Ethereum holdings of the ETF to 760,979 $ETH, accounting for $2.99. Along with that, Fidelity Ethereum Fund secured 10,500 $ETH. Furthermore, Invesco Galaxy Ethereum ETF recorded 671 $ETH in inflows. On the other hand, Grayscale Ethereum Trust incurred an outflow of nearly 1,865 $ETH. The rest of the 5 Ethereum ETFs saw no inflows at all.

Recent Price Spikes of Bitcoin and Ethereum Fuel the Latest ETF Inflows

This enormous capital influx into both Bitcoin and Ethereum ETFs indicates the rising institutional interest. According to Lookonchain, large investors are viewing ETFs as a regulated and secure vehicle for digital-asset exposure without facing the complications of straight crypto ownership. A key factor behind this rise takes into account Bitcoin’s recent surge above $100,000 and Ethereum’s gradual spike to $6,000.

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