Bitcoin & Ethereum ETFs See Strong Inflows
Bitcoin and Ethereum ETFs gain momentum with major inflows from ARK21Shares and Fidelity, signaling growing investor confidence.
- Bitcoin ETFs added nearly 10,000 BTC, led by ARK21Shares.
- Ethereum ETFs saw over 8,000 ETH in net inflows, with Fidelity in front.
- Strong ETF performance reflects rising institutional interest.
The crypto ETF market saw a surge in activity on April 23, as both Bitcoin and Ethereum ETFs reported significant net inflows. These developments suggest that institutional investors are growing increasingly confident in digital assets despite recent market volatility.
Bitcoin ETFs recorded a total net inflow of +9,882 BTC, equivalent to approximately $919.84 million. Leading this charge was ARK21Shares, which alone brought in 2,917 BTC valued at $120.45 million. This brings their total Bitcoin holdings to 50,181 BTC, now worth around $4.67 billion. This substantial increase indicates that ARK is doubling down on its bullish outlook for Bitcoin, likely driven by expectations of long-term price appreciation and increasing adoption.
Ethereum ETFs Also on the Rise
Ethereum ETFs weren’t far behind in attracting investor interest. The collective net inflow stood at +8,156 ETH, or around $14.62 million. Fidelity led the pack with an impressive 19,235 ETH in new inflows, totaling about $34.49 million. With these additions, Fidelity now holds 382,760 ETH, valued at roughly $686.29 million.
This spike in Ethereum accumulation highlights a broader trend in institutional diversification beyond just Bitcoin. As Ethereum’s network continues to evolve—with its transition to proof-of-stake and increased Layer 2 adoption—it’s becoming a more attractive asset for long-term investment portfolios.
What This Means for the Crypto Market
These ETF movements reflect a growing sense of legitimacy and acceptance for cryptocurrencies in traditional finance. When heavyweight players like ARK and Fidelity continue to invest heavily in Bitcoin and Ethereum, it sends a clear signal that these assets are more than just speculative bets—they’re becoming central components in modern investment strategies.
As ETFs make it easier for traditional investors to gain exposure to crypto without dealing with the complexities of wallets and exchanges, this trend is likely to accelerate, bringing more liquidity and stability to the market.
Read Also :
- PayPal Launches 3.7% Yield on PYUSD Holdings
- Zilliqa ($ZIL) Breaks Out: Eyes Set on 1350% Surge
- Russia Plans Crypto Exchange for Elite Investors
- Watch $100 Explode Into $8K with This Top New Meme Coin, While Ethereum and Polkadot Heat Up as Best Cryptos to Invest in 2025
- Dormant Uniswap Wallets Move $61M UNI to Coinbase
