MarketBinance SquareBitcoin NewsEthereumNews

Bitcoin ETFs Attract $459M as Ethereum Sees Outflows

U.S. spot Bitcoin ETFs saw $459M in inflows, led by BlackRock's IBIT. Ethereum ETFs faced $161M in outflows last week.

  • U.S. spot Bitcoin ETFs saw $459M net inflows in 5 days
  • BlackRock’s IBIT ETF led with $324M inflow
  • Ethereum ETFs recorded $161M in weekly outflows

From December 29 to January 2, spot Bitcoin ETFs in the U.S. drew significant investor interest, recording a total of $459 million in net inflows, according to SoSoValue. This marks a strong start to the new year for Bitcoin-focused investment vehicles, as institutional and retail investors continue to favor BTC amid positive market sentiment.

Leading the charge was BlackRock’s IBIT, which alone attracted $324 million, making it the top performer among all spot Bitcoin ETFs during the period. The robust inflows indicate growing confidence in Bitcoin as an investment asset, especially with expectations surrounding potential regulatory clarity and a looming Bitcoin halving in 2024.

Ethereum ETFs Face Outflows Despite Market Buzz

In contrast to Bitcoin, spot Ethereum ETFs saw net outflows totaling $161 million. This divergence may suggest that investors are shifting their capital toward Bitcoin, possibly due to its established market dominance and reduced regulatory uncertainty.

While Ethereum remains a key player in the blockchain ecosystem, the short-term sentiment appears cautious, with investors possibly awaiting more clarity on Ethereum’s roadmap and the SEC’s stance on ETH-related products.

Mixed Results for SOL and XRP ETFs

Other altcoins had more mixed results. Solana (SOL) spot ETFs posted a modest inflow of $10.43 million, while XRP spot ETFs gained $43.16 million. These figures, though smaller than Bitcoin’s, highlight growing interest in diversified crypto ETF offerings beyond the top two cryptocurrencies.

As crypto ETFs become more mainstream, the capital flows into and out of these products will be an important signal of investor sentiment across different assets.

Read Also :

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

Related Articles

Back to top button