Fidelity Leads Inflows in Bitcoin and Ethereum ETFs
12/27/2024 2:42:09 PM
According to Lookonchain, as of December 27, there has been a significant positive net flow in cryptocurrency ETFs. Bitcoin ETFs saw a net inflow of 4,598 BTC, equivalent to $442.06 million, with Fidelity contributing 2,664 BTC or $256.14 million. Fidelity now holds a total of 205,007 BTC valued at $19.71 billion. Similarly, Ethereum ETFs experienced a net inflow of 32,876 ETH, worth $111.02 million, with Fidelity accounting for 25,000 ETH or $84.43 million. Fidelity's total Ethereum holdings amount to 460,000 ETH, valued at $1.55 billion. These inflows indicate strong institutional interest and could influence market dynamics. (Source)
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