Bitcoin ETF inflows surge 500%, Ether ETFs start to recover

Bitcoin exchange-traded funds in the U.S. recorded a significant jump in inflows, while Ether ETFs showed signs of recovery after three days of weak flows.

According to data from SoSoValue, the 12 spot Bitcoin ETFs drew in $588.22 million in inflows on Jan. 30 nearly a 540% jump from the inflows recorded the previous day. BlackRock’s IBIT took the lead once again as the fund attracted $321.5 million in inflows from investors.

Fidelity’s FBTC followed with an inflow of $209.14 million while Bitwise’s BITB and ARK 21Shares’ ARKB saw an inflow of $22.98 million and $12.64 million.

Notably, none of the BTC ETFs experienced outflows on the day. The following BTC ETFs also contributed to the positive momentum:

• Franklin Templeton’s EZBC: $6.11 million.
• VanEck’s HODL: $5.97 million.
• Invesco Galaxy’s BTCO: $5.24 million.
• Grayscale’s mini Bitcoin Trust: $4.65 million.

The total trading volume of these investment products stood at $2.94 billion while the cumulative total net inflow surpassed $40 billion for the first time since their launch. The BTC ETFs now hold total net assets of $123.43 billion marking 5.94% of the total BTC supply.

At press time, Bitcoin (BTC) was down 0.8% over the past day, exchanging hands at $104,267 per coin.

Ether ETFs bounce back

The nine Ethereum ETFs also flipped to inflows on Jan. 30 with $67.77 million entering the funds, ending three days of negative momentum during which $141.07 million exited the funds over two days.

BlackRock’s ETHA led the inflows, with investors pouring $79.86 million into the fund. Fidelity’s FETH recorded inflows of $15.41 million, while Grayscale’s Mini Ethereum Trust attracted $12.79 million.

Grayscale’s ETHE fund was the only outlier of the day, reporting an outflow of $40.29 million, which offset a significant portion of the inflows. The remaining five Ethereum ETFs remained neutral. Meanwhile, the total trading volume for these investment vehicles stood at $306.99 million, with total net inflows since launch reaching $2.73 billion.

Over the past 24 hours, Ethereum (ETH) has risen 1.5%, trading at $3,248 per coin.