Crypto investments are becoming more vibrant, with Bitcoin and Ethereum-based ETFs continuing to attract significant investments from giants like Fidelity and BlackRock.
Bitcoin ETF Surge: Fidelity and BlackRock Stand Out
According to Lookonchain data, Bitcoin ETFs bought 8,238 BTC within a day, amounting to about $828.97 million. Fidelity's Wise Origin Bitcoin Fund purchased 3,625 BTC for $364.8 million, increasing its holdings to 209,135 BTC, equivalent to $21.05 billion. BlackRock's iShares Bitcoin Trust (IBIT) remains the largest with 553,123 BTC, having a 7-day net inflow of 955 BTC. Other significant changes include ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF purchases.
Robust Growth in Ethereum ETFs
Ethereum ETFs also made a significant contribution, adding 33,780 ETH, amounting to $122.72 million. BlackRock iShares Ethereum Trust acquired 33,618 ETH, equivalent to $122.14 million. Fidelity Ethereum Fund (FETH) increased its reserves by 1,250 ETH in a day, reaching a 7-day total of 18,250 ETH.
Booming Market for Crypto ETFs
Available data shows that Bitcoin ETFs hold 1,136,729 BTC ($114.39 billion), while Ethereum ETFs own 3,651,043 ETH ($13.26 billion). These investments are attracting market participants' attention, showcasing a growing institutional interest in crypto exposure.
Fidelity and BlackRock continue to strengthen their positions in the crypto investment market, showing confidence in the future prospects of digital assets. Their active engagement attracts attention and promotes interest in ETFs among investors.
