Bitcoin ETFs Bounce Back With $1.38 Billion Inflows in 2 Days

Bitcoin ETFs Bounce Back With $1.38 Billion Inflows in 2 Days

Bitcoin and ether ETFs are staging a remarkable recovery, posting consecutive days of robust inflows worth $1.38 billion.

Bitcoin ETFs Reverse Outflows with Consecutive Inflows

U.S. spot bitcoin ETFs displayed impressive momentum, reversing four days of outflows amounting to $1.22 billion. According to data from Sosovalue on January 16, $626.15 million poured into bitcoin ETFs, building on the previous day's inflow of $755 million. This marks a significant two-day inflow totaling $1.38 billion.

BlackRock’s ETF dominated the market, securing $527.87 million of the inflows, with other players such as ARKB (by Ark and 21Shares) attracting $155.44 million. Vaneck's HODL and Fidelity's FBTC also added $5.68 million and $4.39 million, respectively. In contrast, Grayscale’s GBTC recorded a $69.97 million outflow, the only blemish in an otherwise strong rebound.

These inflows boosted bitcoin ETFs’ total net assets to $114.82 billion, representing 5.78% of bitcoin’s market capitalization.

Ether ETFs Extend Gains

Ethereum-based ETFs joined the recovery, netting $166.59 million in inflows over three consecutive days. BlackRock’s ETHA led with $111.19 million, followed by Fidelity’s FETH with $70 million. Grayscale’s ETHE saw the only outflow, losing $18.73 million, while other ether ETFs remained stable.

The surge increased ether ETFs’ total net assets to $12 billion, positioning them for a strong close to the trading week.

Outlook and Significance

The influx of institutional capital underscores renewed investor confidence in crypto ETFs following a turbulent period. BlackRock’s commanding share of the inflows highlights its growing influence in the digital asset space. As these funds rebound, they could signal a broader institutional shift toward digital assets, setting the stage for sustained growth in the sector.