The latest update on January 27 shows a divergence in the performance of Bitcoin and Ethereum exchange-traded funds (ETFs). Bitcoin ETFs experienced significant inflows, with a total net inflow of 4,812 BTC ($489.31 million), indicating growing institutional interest in the cryptocurrency. Fidelity's Bitcoin ETF stood out with an inflow of 1,769 BTC ($179.84 million) and currently holds 214,136 BTC ($21.77 billion), making it one of the largest holders of Bitcoin among institutional investors. Other Bitcoin ETFs also reported positive inflows, bringing the total BTC holdings across all Bitcoin ETFs to 1,165,914 BTC ($118.55 billion).
On the other hand, Ethereum ETFs faced a more challenging environment, with a net outflow of 3,929 ETH ($12.29 million). The Grayscale Ethereum Trust (ETHE) had the largest outflow of 6,959 ETH ($21.77 million). Despite the outflows, the trust still holds a significant amount of Ethereum, with 1,376,870 ETH ($4.31 billion). Factors such as Ethereum's price fluctuations, regulatory developments, and broader market sentiment may have influenced investor decisions.
Overall, the performance of Bitcoin and Ethereum ETFs reflects the strong institutional interest in Bitcoin and the challenges Ethereum faces. However, both cryptocurrencies have positive long-term prospects, with Bitcoin viewed as a hedge against inflation and Ethereum crucial for the growth of decentralized finance (DeFi) and Web3.
Content Editor ( blockchainreporter.net )
- 2025-01-28
Bitcoin ETFs Inflow While Ethereum ETFs See Outflows
