Significant Inflows in Bitcoin and Ethereum ETFs with BlackRock and Fidelity Leading
12/11/2024 2:48:05 PM
According to Lookonchain, the net flow of 10 Bitcoin ETFs increased by 5,459 BTC, amounting to $538.45 million. Notably, BlackRock contributed significantly with inflows of 3,071 BTC, valued at $302.89 million, and now holds a total of 530,832 BTC worth $52.36 billion. In the Ethereum market, 9 ETFs saw a net flow increase of 81,254 ETH, totaling $302.91 million. Fidelity was a major contributor with inflows of 63,500 ETH, valued at $236.73 million, and currently holds 406,250 ETH. These substantial inflows suggest strong institutional interest and potential bullish sentiment in both Bitcoin and Ethereum markets. (Source)
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