After Bitcoin ETFs launched in the US early last year, Ethereum ETFs quickly followed. While Ethereum ETFs had a bumpy start, both Bitcoin and Ethereum ETFs are now attracting serious investor interest.
Bitcoin ETFs: Twelve Days of Gains
Bitcoin ETFs saw a massive $429 million influx on December 13th – their twelfth consecutive day of positive inflows! BlackRock’s iShares Bitcoin Trust (IBIT) was the big winner, adding over $393 million. Fidelity’s FBTC and Bitwise’s BITB also saw significant gains. Only Grayscale’s GBTC saw outflows, losing $105.76 million. The week’s total inflow for Bitcoin ETFs reached a staggering $2.17 billion. Bitcoin itself is currently trading around $101,367.
Ethereum ETFs: A Record-Breaking Week
Ethereum ETFs also celebrated a win, with a $23.6 million inflow on December 13th – their fifteenth straight day of positive inflows! BlackRock’s Ethereum Fund (ETHA) led the charge, adding almost $10 million. Grayscale’s ETHE and Fidelity’s FETH also saw positive inflows. While this daily inflow was smaller than some earlier days in the week (which saw a combined $854.85 million), it still set a new weekly record. Ethereum’s price is currently around $3,870.
The Bottom Line
Both Bitcoin and Ethereum ETFs are experiencing significant and sustained inflows, showing strong investor confidence in these cryptocurrencies. This positive trend reflects growing demand for both Bitcoin and Ethereum.
