Bitcoin and Ethereum ETFs Paste Healthy Inflows: BlackRock Leads the Pack
The post Bitcoin and Ethereum ETFs Paste Healthy Inflows: BlackRock Leads the Pack appeared on BitcoinEthereumNews.com.
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. 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…
Filed under: News - @ December 7, 2024 5:17 am