January 6, 2025 Update: Bitcoin and Ethereum ETFs Show Strong Inflows

According to @lookonchain, on January 6, 2025, Bitcoin ETFs recorded a net inflow of 9,014 BTC valued at $923.45 million, with Fidelity leading with 3,625 BTC inflows, holding a total of 205,510 BTC. Ethereum ETFs also saw a net inflow of 10,706 ETH, amounting to $39.98 million, with iShares (Blackrock) contributing significantly with 9,389 ETH inflows and holding 1,080,804 ETH.
SourceAnalysis
On January 6, 2025, Bitcoin ETFs experienced a significant net inflow of 9,014 BTC, totaling $923.45 million in value. This data is sourced from the @lookonchain update. Notably, Fidelity led the inflows with 3,625 BTC, which equates to $371.39 million, and currently holds a total of 205,510 BTC, valued at $21.05 billion [@lookonchain].
These inflows indicate strong investor interest in Bitcoin ETFs, likely influencing the broader cryptocurrency market. The net inflow of 9,014 BTC suggests a positive sentiment towards Bitcoin, which could lead to an increase in its price. The significant holding by Fidelity at 205,510 BTC also underscores the institutional confidence in Bitcoin's long-term value [@lookonchain].
Ethereum ETFs also saw a notable net inflow of 10,706 ETH, amounting to $39.98 million on the same day. iShares (Blackrock) contributed significantly with an inflow of 9,389 ETH, which is valued at $35.06 million. iShares currently holds a total of 1,080,804 ETH, valued at $4.04 billion [@lookonchain]. The inflows into Ethereum ETFs reflect a similar trend of institutional interest in Ethereum, which might impact its market dynamics and price movements.
These inflows indicate strong investor interest in Bitcoin ETFs, likely influencing the broader cryptocurrency market. The net inflow of 9,014 BTC suggests a positive sentiment towards Bitcoin, which could lead to an increase in its price. The significant holding by Fidelity at 205,510 BTC also underscores the institutional confidence in Bitcoin's long-term value [@lookonchain].
Ethereum ETFs also saw a notable net inflow of 10,706 ETH, amounting to $39.98 million on the same day. iShares (Blackrock) contributed significantly with an inflow of 9,389 ETH, which is valued at $35.06 million. iShares currently holds a total of 1,080,804 ETH, valued at $4.04 billion [@lookonchain]. The inflows into Ethereum ETFs reflect a similar trend of institutional interest in Ethereum, which might impact its market dynamics and price movements.
Lookonchain
@lookonchainLooking for smartmoney onchain