Bitcoin Spot ETF Inflows Hit $987M With Fidelity Leading

Key Points:

• Bitcoin Spot ETF inflows totaled $987M on January 6, showcasing growing interest in crypto ETFs.
• Fidelity’s FBTC led Bitcoin Spot ETF inflows, contributing $370M, followed by BlackRock’s IBIT at $209M.

Bitcoin Spot ETF inflows reached $987M on January 6, with Fidelity’s FBTC leading at $370M. Ethereum spot ETFs saw $129M inflows, led by BlackRock’s ETHA at $124M.

Bitcoin Spot ETF Inflows Surge to $987M in January

Bitcoin Spot ETF inflows hit $987 million on January 6 alone, where Fidelity’s FBTC surged by an unprecedented amount of $370 million. BlackRock’s IBIT came in much lower, ranking second with only $209 million over the same period. This showed the demand for cryptocurrency ETFs rising in the market.

With the strong Bitcoin investor interest, this milestone shows a new chapter for crypto ETFs. The increased spot ETF adoptions promise a relatively robust trend whereby institutional players like Fidelity and BlackRock have their way of paving the ground for market engagement. This signal shows Bitcoin’s greater role in mainstream finance, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Surge With $5.3181M On December 31

Ethereum Spot ETF Inflows Highlight Strong Demand

This was further driven home when Ethereum spot ETFs saw inflows reach $129 million on January 6. The lion’s share of that was BlackRock’s ETHA, which contributed $124 million in just one day. This cuts to Ethereum’s burgeoning popularity among investors seeking diversified crypto exposure.

Ethereum spot ETFs continue to attract sizeable investments, amassing a combined net asset value of US$13.466 billion. The relentless inflows reflect a fairly confident market of Ethereum playing the main role in decentralized finance for many years to come.