Crypto ETFs are experiencing a significant surge, with Bitcoin and Ether funds attracting substantial inflows. While the exact date of the $550 million inflow isn't specified, here are some recent developments in the crypto ETF space.
Bitcoin ETFs:
Recorded a remarkable $35.66 billion in net inflows in 2024, exceeding early industry projections.
BlackRock's iShares Bitcoin Trust ETF (IBIT) led the market with $37.31 billion in inflows, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $11.84 billion.
Bitcoin ETFs saw a significant jump in inflows, with a 500% surge recorded on January 30, attracting $588.22 million.
Ethereum ETFs:
Attracted $2.68 billion in inflows since their July 23 launch, with $349.3 million in inflows during the last four trading days of 2024.
BlackRock's iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) led inflows with $3.52 billion and $1.56 billion, respectively.
Ethereum ETFs set a new peak in inflow metrics, recording over $295 million in November 2024.
Some experts predict a rebound in 2025 for Ether, with potential price targets of up to $7,000, driven by factors like Ethereum Layer 2 expansion and increasing spot Ether ETF flows. Bitcoin prices are also expected to surge, with predictions ranging from $180,000 to $200,000 by 2025 .
