$20B flows into Bitcoin ETFs since January as Wednesday gains surge
Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) continued their strong performance on Wednesday, pulling in $458.54 million in gains.
According to data from sosovalue.xyz, this brings the total inflows across 12 Bitcoin ETFs to $20.19 billion since January 2024.
Blackrock’s IBIT led the way, amassing $393.4 million, followed by Fidelity’s FBTC with $14.81 million.
Other top performers included Bitwise’s BITB with $12.93 million and Franklin Templeton’s EZBC, which added $11.79 million.
Ark Invest and 21shares’ ARKB collected $11.51 million, while Invesco’s BTCO and Vaneck’s HODL saw $6.43 million and $5.75 million, respectively.
Valkyrie’s BRRR added $1.92 million to its holdings.
The 12 Bitcoin ETFs now hold $64.46 billion, representing 4.82% of Bitcoin’s total market capitalisation, edging closer to the 5% threshold.
Ether (CRYPTO:ETH) ETFs also saw positive inflows on Wednesday, gaining $24.22 million.
Blackrock’s ETHA was the top performer in this category, bringing in $11.89 million.
Fidelity’s FETH followed with $8.5 million, and Vaneck’s ETHV added $3.83 million.
Despite this uptick, Ether ETFs are still down $530.30 million since July 23.
The trading volume for Bitcoin ETFs reached $1.58 billion, while Ether ETFs saw $113.45 million in trades.
Ether funds now control $7.19 billion, accounting for 2.28% of ether’s market value, reflecting the continued interest in both Bitcoin and Ether ETFs as the market experiences shifts in demand.
At the time of writing, the Bitcoin (BTC) price was $67,315.82.
