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January 6, 2025 Update: Bitcoin and Ethereum ETFs Show Strong Inflows | Flash News Detail | Blockchain.News
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1/6/2025 4:55:28 PM

January 6, 2025 Update: Bitcoin and Ethereum ETFs Show Strong Inflows

January 6, 2025 Update: Bitcoin and Ethereum ETFs Show Strong Inflows

According to @lookonchain, on January 6, 2025, Bitcoin ETFs recorded a net inflow of 9,014 BTC valued at $923.45 million, with Fidelity leading with 3,625 BTC inflows, holding a total of 205,510 BTC. Ethereum ETFs also saw a net inflow of 10,706 ETH, amounting to $39.98 million, with iShares (Blackrock) contributing significantly with 9,389 ETH inflows and holding 1,080,804 ETH.

Source

Analysis

On January 6, 2025, Bitcoin ETFs experienced a significant net inflow of 9,014 BTC, totaling $923.45 million in value. This data is sourced from the @lookonchain update. Notably, Fidelity led the inflows with 3,625 BTC, which equates to $371.39 million, and currently holds a total of 205,510 BTC, valued at $21.05 billion [@lookonchain].

These inflows indicate strong investor interest in Bitcoin ETFs, likely influencing the broader cryptocurrency market. The net inflow of 9,014 BTC suggests a positive sentiment towards Bitcoin, which could lead to an increase in its price. The significant holding by Fidelity at 205,510 BTC also underscores the institutional confidence in Bitcoin's long-term value [@lookonchain].

Ethereum ETFs also saw a notable net inflow of 10,706 ETH, amounting to $39.98 million on the same day. iShares (Blackrock) contributed significantly with an inflow of 9,389 ETH, which is valued at $35.06 million. iShares currently holds a total of 1,080,804 ETH, valued at $4.04 billion [@lookonchain]. The inflows into Ethereum ETFs reflect a similar trend of institutional interest in Ethereum, which might impact its market dynamics and price movements.

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