- Blackrock’s Bitcoin ETF saw $740 million in inflows over the past 24 hours
- Ethereum ETF registered over $130 million in inflows during the same timeframe
- Blackrock dominates the cryptocurrency ETF market with significant net inflows
Blackrock spot-traded funds recently recorded another great day of net inflows. In total, Bitcoin and Ethereum ETFs totaled over $850 million.
Blackrock’s Bitcoin ETF (IBIT) saw inflows of $740 million during the previous 24 hours. Meanwhile, the Ethereum ETF (ETHA) registered inflows of over $130 million during that same timeframe.
Today’s ETF movements showcase just how dominant Blackrock is in the cryptocurrency ETF market. Data from Farside reveals that Blackrock was the only profitable BTC ETF of the day, while other spot-traded funds went the other way around.Â
Fidelity’s FBTC saw outflows of $128 million, while Bitwise’s BITB and Grayscale’s GBTC saw $24 million and $83 million outflows, respectively. In total, all combined Bitcoin ETFs saw $493 million in inflows—with IBIT being the driving force behind this performance.Â
The story regarding Ether ETFs is similar. On December 17, ETHA’s $134 million inflows made up for almost all the total inflows from Ethereum-based spot traded funds. Grayscale and Fidelity also saw inflows, but around $4 million each.
In its totality, Ether ETFs registered $144.7 million inflows on that date, with Blackrock making up for 93% of that amount.
ETHA has recorded positive net inflows on a daily basis for the previous since November 29 and hasn’t registered outflows since November 19. Meanwhile, IBIT holds a similar record with a 13-day streak in inflows, with the last outflow registered on November 6th.
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