The past week has shown a sharp increase in interest in cryptocurrencies on Wall Street, confirmed by significant inflows into Bitcoin and Ethereum ETFs.
Inflows in Bitcoin ETFs
In the last trading days of the week, Bitcoin ETFs demonstrated impressive performance, accumulating over $2.5 billion in two days. Thursday was marked by the largest inflow since early November, totaling $1,175.6 billion, equally distributed among three main funds: BlackRock’s IBIT ($448.5 million), Fidelity’s FBTC ($324.3 million), and Ark Invest’s ARKB ($268.7 million). Friday was almost equally significant, with $1,029.6 billion entering the funds, where IBIT attracted $953.5 million.
Success of Ethereum ETFs
Spot Ethereum ETFs, nearing their first anniversary, also showed substantial success, setting a record inflow of $383.1 million on Thursday. Friday and Wednesday also saw significant inflows of $204.9 million and $211.3 million, respectively. The total for the week amounted to $908.1 million, with BlackRock’s ETHA capturing the largest share of inflows.
Overall ETF Results
Overall, combining the data, Bitcoin and Ethereum ETFs attracted over $3.6 billion in just one week. These significant investment volumes also contributed to price increases for the main cryptocurrencies: Bitcoin hit a new record of nearly $119,000, and Ethereum rose to $3,040.
The week has shown that interest in Bitcoin and Ethereum ETFs on Wall Street continues to rise, which could indicate a positive trend for the cryptocurrency market.
