Bitcoin and Ethereum ETFs Inflows Top $875M, BlackRock BTC Holdings Exceed $60B

Key Takeaways

• U.S. spot Bitcoin ETFs hold $123.59 billion in BTC or 5.88% of its market cap.
• BlackRock’s BTC and ETH funds have pulled $64.58 billion in net inflows; Grayscale’s primary crypto funds have seen combined outflows of $25.37 billion.
• U.S. spot Ethereum ETFs command $12.017 billion in net assets or 3.02% of ETH’s market cap.

Investors continue to favor U.S. spot Bitcoin ( BTC ) and Ethereum ( ETH ) exchange-traded funds (ETFs) as over $875 million poured into funds a day after Donald Trump’s inauguration, suggesting the “Trump Trade” hype has yet to diminish.

Bitcoin ETFs

According to SoSoValue data, Bitcoin ETFs continue to draw significant inflows as bullish sentiment continues to guide the markets. Funds drew $802.5 million in net inflows on Jan. 21, 2025, marking day four of a renewed inflow streak that has garnered over $3.26 billion.

Bitcoin ETF flows. Source: SoSoValue

Leading today’s gainers, BlackRock’s iShares Bitcoin Trust (IBIT) pulled $661.86 million, raising its cumulative net inflows to $39.07 billion.

The top-performing fund now commands $60.69 billion in net assets, representing 2.89% of BTC’s market cap, almost triple that of the second-best-performing fund.

Grayscale Bitcoin Mini Trust saw its second-largest day of inflows, bagging $136.39 million. This raised the fledgling fund’s cumulative net inflows to $1.1 billion, with $4.31 billion in net assets.

The ARK 21Shares Bitcoin ETF (ARKB) garnered $8.51 million. It’s followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which had a very modest $6.97 million in net inflows. FBTC is second under IBIT with $22.59 billion in net assets and has seen $12.84 billion in cumulative net inflows.

Franklin Templeton Digital Holdings Trust (EZBC) also posted a modest $6.18 million in net inflows.

After recording $208.07 million in net inflows on Jan. 17, its second-biggest inflows to date, the Bitwise Bitcoin ETF (BITB) posted humble outflows of $17.41 million.

Ethereum ETFs

As per SoSoValue, Ethereum ETFs continue to perform well, tallying $74.43 million in combined net inflows on Jan. 21, 2025. Similarly to BTC ETFs, this marks day five of a solid $266.04 million inflow streak.

Ethereum ETF flows. Source: SoSoValue

BlackRock’s iShares Ethereum Trust (ETHA) leads with $56.31 million in net inflows. As with its BTC fund, ETHA is the leading spot Ethereum ETF with $3.89 billion in cumulative net inflows and $3.91 billion in net assets.

The Grayscale Ethereum Mini Trust managed to pull a sturdy $12.49 million, bringing its cumulative net inflows to $578.37 million and net assets to $1.54 billion. So far, the mini fund has outperformed Grayscale’s primary fund, which continues to see consistent outflows.

Smaller gainers include the VanEck Ethereum trust (ETHV), which pulled $3.65 million, and Fidelity’s Ethereum Fund (FETH), which tallied $3.32 million. Fidelity’s fund is also the second-best-performing spot ETH ETF in terms of cumulative net inflows, which now stands at $1.44 billion. The Bitwise Ethereum ETF (ETHW) netted a cool $3.1 million.

Grayscale Ethereum Trust (ETHE) continued to suffer outflows, posting $4.44 million in exits. So far, ETHE has seen outpourings totaling $3.72 billion, nearly halving its net assets to $4.61 billion. The fund has seen just two days of net inflows, totaling a meager $14.75 million.