US Bitcoin and Ethereum ETFs See Significant Inflows, BlackRock Leads the Charge
New Delhi, India – According to recent data from the blockchain analytics platform Lookonchain, U.S.-based Bitcoin (BTC) and Ethereum (ETH) Exchange Traded Funds (ETFs) have experienced notable net inflows, signaling continued institutional interest in digital assets.
The data indicates that over a recent period, ten U.S. Bitcoin ETFs collectively recorded a net inflow of 5,404 BTC. Leading this influx was investment management giant BlackRock, which contributed a substantial 4,931 BTC to the total. This significant addition boosts BlackRock's total Bitcoin holdings to an impressive 643,755 BTC, currently valued at approximately $71.48 billion (USD).
The positive sentiment extends to Ethereum ETFs as well. Lookonchain's data reveals that nine Ethereum ETFs saw a combined net inflow of 222 ETH. Once again, BlackRock played a prominent role, adding 9,989 ETH to its Ethereum ETF holdings. BlackRock now holds a total of 1,318,043 ETH, with a current valuation of around $3.51 billion (USD).
These figures highlight the growing adoption of cryptocurrency ETFs as a preferred investment vehicle for institutional players in the United States. BlackRock's dominant contribution to both Bitcoin and Ethereum ETF inflows underscores its strong conviction in the long-term potential of these leading cryptocurrencies. The continued accumulation of BTC and ETH by such significant entities could have a positive impact on market sentiment and price action in the future.
Investors and market analysts will be closely monitoring these inflow trends as a key indicator of institutional demand and the broader health of the cryptocurrency market.
