Bitcoin (BTC) and Ethereum (ETH) Spot ETFs See Record Inflows of $3.3B Despite Market Volatility

Bitcoin BTC/USD and Ethereum ETH/USD spot ETFs registered inflows of $3.26 billion and $74.43 million, respectively, over the past four days.

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds saw inflows of $3.26 billion and $74.43 million, respectively, over the last four trading days.

The inflows come despite President Donald Trump making no mention of cryptocurrency in his inauguration speech, which led to some volatility in the crypto markets.

A record inflow occurred on Jan. 17, according to Sosovalue data. Some $1.08 billion flowed into various Bitcoin funds. On Jan. 21, the inflows were $802.5 million.

Bitcoin ETFs

Only the Bitwise Bitcoin ETF (NYSE:BITB) saw outflows for the day, with the fund losing $17.41 million.

Bitcoin spot ETFs now collectively hold $123.59 billion in net asset value, which is equal to about 5.88% of Bitcoin’s total market value.

Related Link: New Bond ETF Launches, Targeting High Income Through A Flexible Multi-Asset Strategy

Ethereum ETFs

Overall, nine spot Ether ETFs now hold $12.07 billion in assets, which is equivalent to about 3% of Ether’s market capitalization.

Trump’s lack of commentary on cryptocurrency at his inauguration was said to have contributed to Bitcoin falling from $106,000 prior to the president's address to $101,000 during the speech. The cryptocurrency was last seen trading around $104,000.

Solana also saw pressure and fell nearly 10% from its all-time high. Investors may be betting on the long-term vision for the future of crypto and viewing this as an opportunity to enter the crypto world.

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