According to the latest market data, cryptocurrency spot exchange-traded funds (ETFs) experienced a surge in inflows on Jan. 16, with Bitcoin and Ethereum ETFs leading the charge. Bitcoin and Ethereum Spot ETFs See Significant Inflows on Jan. 16 Bitcoin Spot ETF Inflows Total Net Inflow: $626 million BlackRock Bitcoin ETF (IBIT) accounted for most of the day’s activity, recording the largest single-day inflow of $528 million. Ethereum Spot ETF Inflows Total Net Inflow: $167 million BlackRock Ethereum ETF (ETHA) led the Ethereum ETFs with a net inflow of $111 million during the same period. Market Effects These significant inflows underscore the growing investor confidence in crypto spot ETFs as an accessible and regulated investment vehicle. The dominance of BlackRock's ETFs in both the Bitcoin and Ethereum markets highlights the firm's strong position in the emerging crypto ETF space. Rising interest in spot ETFs could also signal increased institutional participation, creating greater adoption and liquidity in crypto markets. *This is not investment advice. Continue Reading: Investment Giant BlackRock Continues to Piggyback on Bitcoin and Ethereum ETFs! Here's the Latest Data
