Bitcoin and Ethereum ETFs Witness Massive Inflows

Cryptocurrency exchange traded funds (ETFs) are experiencing significant inflows, according to recent data from Lookonchain. Ten Bitcoin ETFs saw a net inflow of 3,565 BTC, driven by Fidelity’s notable contribution of 1,593 BTC. Now holding a substantial total of 198,075 BTC valued at $21.75 billion, Fidelity’s stake in the crypto market continues to grow. Meanwhile, nine Ethereum ETFs experienced a net inflow of 22,145 ETH, with BlackRock contributing significantly by acquiring 13,620 ETH. BlackRock now holds a substantial amount of 1,526,751 ETH valued at $4.23 billion.