Bitcoin and Ethereum ETFs continue to draw billions.
(Photo by Kent Nishimura/Getty Images)
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Key Takeaways
U.S. spot Bitcoin ETFs command $123.06 billion in BTC, or 5.92% of its market cap.
Bitcoin funds have garnered $2.72 billion in net inflows over the past two weeks.
U.S. spot Ethereum ETFs hold $12.21 billion in net assets or 3.04% of ETH’s market cap.
Week one of Donald Trump’s second term as President saw roughly $1.9 billion pour into U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) as investors continue to back the “Trump Trade” phenomenon.
Ending the week on a high, Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $186.07 million in net inflows on Jan 24, raising its cumulative net inflows to $13.04 billion and net assets to $22.5 billion. FBTC is now the second-best-performing BTC fund.
The ARK 21Shares Bitcoin ETF (ARKB) captured $168.71 million, bringing its cumulative net inflows to $2.96 billion and its net assets to $5.41 billion.
It’s closely followed by leading BTC ETF, BlackRock’s iShares Bitcoin Trust (IBIT), which garnered $155.69 million in net inflows.
BlackRock’s BTC ETF has seen an absurd $39.73 billion in cumulative net inflows and now commands an enormous $60.62 billion in net assets.
Grayscale Bitcoin Mini Trust posted humble inflows of $13.01 million. It’s followed by a rare appearance from the WisdomTree Bitcoin Trust (BTCW), which tallied a cool $2.79 million in net inflows.
The Bitwise Bitcoin ETF was the only fund to post outflows, shedding $8.6 million in exits.
Ethereum ETFs
According to SoSoValue, Ethereum ETFs ended last week with a modest win and posted $9.18 million in net inflows, raising the week’s cumulative net inflows to $139.32 million.
This follows a decent pre-inauguration week of inflows totaling $211.97 million.
Ethereum ETF flows. Source: SoSoValue
It was an oddly quiet day for ETH funds, as top performers BlackRock and Fidelity were curiously absent from the day’s results. Instead, it was a day for the smaller funds to shine.
Leading the pack, the Bitwise Ethereum ETF (ETHW) posted $6.01 million in net inflows, raising its cumulative net inflows to $351.69 million. Ranked fourth for cumulative flows, ETHW is ranked fifth for net assets, with $357.93 million under its command.
The Invesco Galaxy Ethereum ETF (QETH) made an exceptionally rare appearance, securing $1.99 million on its first activity day since Dec. 19, 2024. This would also mark its first inflow since Nov. 14, 2024,
Finally, the 21Shares Core Ethereum ETF (CETH) notched $1.17 million in net inflows, raising its cumulative net inflows to $11.4 million.
Similarly to QETH, the 21Shares ETH fund hasn’t seen a day of action since Dec. 12 and has barely seen just over a dozen days of inflows since launching.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
