Bitcoin ETFs See $2.17 Billion Inflows; Ethereum ETFs Hit Record $855 Million Weekly High

Bitcoin and Ethereum ETFs See Massive Inflows as Investors Flock to Crypto

Spot Bitcoin (BTC) and Ethereum (ETH) ETFs in the U.S. are experiencing massive inflows, signaling growing investor confidence in crypto-focused financial products.

From Dec. 9 to Dec. 13, U.S. spot Bitcoin ETFs recorded a net inflow of $2.17 billion, while Ethereum ETFs hit an all-time high for weekly inflows at $855 million, according to data from sosovalue.

Bitcoin ETFs: $2.17 Billion Weekly Inflow

Bitcoin ETFs maintained their momentum with inflows for five consecutive trading days:

• Total Weekly Inflow: $2.17 billion — the 6th largest since Bitcoin ETFs launched in January 2024.
• Top Performers:
  • BlackRock’s IBIT: $1.51 billion inflow
  • Fidelity’s FBTC: $598.36 million inflow
• Outflows:
  • Grayscale’s GBTC: $221.29 million weekly outflow

Other noteworthy contributors include:

• Bitwise Bitcoin ETF (BITB): $67.81 million inflow
• Ark Invest & 21Shares ETF (ARKB): $61.52 million inflow

Bitcoin ETFs now hold a combined $114.97 billion in net assets, underscoring the rising institutional interest in BTC-backed financial products.

Ethereum ETFs: Record Weekly High of $855 Million

Ethereum ETFs saw record-breaking weekly inflows of $855 million, surpassing the previous high of $836.69 million recorded the prior week (Dec. 2 - Dec. 6):

• BlackRock’s ETHA: $523 million inflow
• Fidelity’s FETH: $258.63 million inflow
• Grayscale’s ETHE: $49.23 million weekly outflow

Ethereum ETFs now hold $13.78 billion in total net assets. This performance highlights growing investor confidence in Ethereum’s long-term utility and its pivotal role in decentralized finance (DeFi) and smart contracts.

Institutional Momentum and Investor Confidence

The substantial inflows into Bitcoin and Ethereum ETFs reflect several key trends:

1. Spot ETF Adoption: ETFs provide an accessible, regulated vehicle for institutional investors to gain crypto exposure.
2. BlackRock and Fidelity Dominance: BlackRock’s IBIT and ETHA, alongside Fidelity’s FBTC and FETH, are driving the lion’s share of inflows.
3. Shift in Market Sentiment: Despite outflows from legacy products like Grayscale’s GBTC and ETHE, new ETFs are drawing fresh capital, signaling renewed optimism.

Conclusion

The record-breaking inflows into Bitcoin and Ethereum ETFs underscore their growing appeal to institutional and retail investors. With Bitcoin ETFs crossing $2.17 billion in weekly inflows and Ethereum ETFs hitting an all-time high of $855 million, crypto ETFs are becoming a cornerstone of mainstream crypto adoption.

As institutional players like BlackRock and Fidelity continue to lead inflows, 2024 may mark a pivotal year for crypto ETFs in traditional finance.