On December 12, substantial net inflows into Bitcoin and Ethereum exchange-traded funds (ETFs) were reported, indicating a strong resurgence of institutional interest in these leading cryptocurrencies. According to data from Lookonchain, Bitcoin ETFs saw a net inflow of +1,582 BTC, translating to approximately $160.28 million. Notably, Fidelity was a major contributor to this growth, injecting 1,201 BTC valued at $121.71 million into its holdings, which now total 206,885 BTC worth around $20.96 billion.
The Ethereum market mirrored this bullish sentiment with a net inflow of +28,737 ETH, amounting to $114.23 million. Among the key players, iShares—managed by BlackRock—accounted for a significant portion of this influx, contributing 19,386 ETH valued at $77.06 million. Currently, iShares holds a substantial 929,056 ETH in its portfolio.
These inflows reflect growing confidence among institutional investors in the resilience and potential of both Bitcoin and Ethereum as viable investment assets. The increasing participation from major financial institutions like Fidelity and BlackRock suggests that digital assets are gaining traction as mainstream investment options.
Market analysts view these movements as indicative of a broader bullish sentiment in the cryptocurrency space. With Bitcoin and Ethereum experiencing increased demand, this could pave the way for further price appreciation and greater adoption among institutional investors.
The recent inflows into Bitcoin and Ethereum ETFs on December 12 highlight a significant shift in market dynamics, driven by institutional interest. As major players continue to invest heavily in these digital assets, the outlook for both Bitcoin and Ethereum remains optimistic. This trend not only reinforces the legitimacy of cryptocurrencies but also sets the stage for potential future growth as more investors seek exposure to this evolving asset class.
2024 marked an interesting year for the crypto community. With Bitcoin crossing the 100k mark…
As we approach 2025, the decentralized finance (DeFi) sector is set to undergo transformative changes,…
Web3 or Web 3.0 is the next big leap in how we interact with the…
In the growing digital assets market with various platforms, NFTFN is making headlines with a…
The streaming world is no stranger to innovation, but what FanTV is doing feels different.…
Aethir, founded in 2021 and based in Singapore. This company specializes in Decentralized Cloud Infrastructure…