U.S. Bitcoin and Ethereum ETFs See Massive Capital Inflows

Recent data from Lookonchain reveals a surge of capital into U.S.-based Bitcoin and Ethereum exchange-traded funds (ETFs). Specifically, ten Bitcoin ETFs saw net inflows totaling 5,404 BTC. BlackRock played a key role in this trend, contributing 4,931 BTC to its holdings, bringing its total to a remarkable 643,755 BTC valued at approximately $71.48 billion. Meanwhile, nine Ethereum ETFs experienced net inflows of 222 ETH, with BlackRock adding a significant 9,989 ETH to its portfolio. This resulted in BlackRock’s holdings reaching an impressive 1,318,043 ETH worth around $3.51 billion.