On January 6, 2025, U.S. spot bitcoin and ether exchange-traded funds (ETFs) experienced a notable inflow of $1.1 billion. This surge reflects a renewed investor confidence in the cryptocurrency market after a challenging start to the year.

The ETFs had faced outflows of $277.9 million on January 2, but quickly rebounded with nearly $967 million in inflows the following day. The majority of these inflows were directed towards spot bitcoin ETFs, which attracted $987 million, while ether ETFs received $128.7 million.

• Fidelity’s FBTC and Blackrock’s IBIT were the leading funds, bringing in $370.24 million and $209.08 million, respectively.
• Other notable contributors included:
• Ark & 21 Shares’ CBOE fund
• Grayscale’s BTC and GBTC
• Bitwise’s BITB

Currently, spot bitcoin ETFs manage a total of $116.67 billion in assets, representing 5.77% of bitcoin’s overall market capitalization. In comparison, ether-focused funds collectively manage $13.47 billion, accounting for 3.03% of ether’s market cap.

📎 Related coverage from: bitcoin.com