Bitcoin

Ethereum

<p>In a noteworthy development for the crypto market, <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://blockchainreporter.net/ethereum-price-predictions-2023-2031/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs witnessed huge inflows on 5th December. As per Lookonchain, the substantial inflows reflect a staggering rise in the institutional interest in Bitcoin and Ethereum ETFs as the former obtained 6,501 $BTC while the latter received 41,414 $ETH. The on-chain analytics platform disclosed the details of these inflows in an exclusive X post.</p><h2 id="header-0">Bitcoin ETFs Record $6,501 $BTC in Inflows While BlackRock Leads with 5,801</h2><p>Lookonchain mentioned that Bitcoin ETFs saw up to 6,501 $BTC in cumulative inflows on the 5th of December. This figure accounts for nearly $670.2M. BlackRock’s Bitcoin ETF added 5,801 $BTC, equaling $598.02M. This inflow has raised the cumulative Bitcoin holdings of BlackRock to a remarkable 513,438 $BTC (almost $2.99B). In addition to this, Fidelity’s Bitcoin ETF experienced an inflow of up to 175 $BTC.</p><p>Apart from that, Bitwise Bitcoin ETF recorded 65 $BTC. Vaneck Bitcoin Trust saw its inflows reach 170 BTC. Additionally, Invesco Galaxy Bitcoin ETF added 303 $BTC. Two Bitcoin ETFs including ARK 21Shares Bitcoin ETF and Grayscale Bitcoin Trust recorded significant outflows. In this respect, the former lost 4 $BTC while the latter lost 9 $BTC. Contrarily, the rest of the 3 Bitcoin ETFs witnessed no flows.</p><h2 id="header-1">Ethereum ETFs Add 41,414 $ETH, with BlackRock Accounting for 32,109 $ETH</h2><p>Similar to the Bitcoin ETFs, Ethereum ETFs also saw a massive amount of 41,414 $ETH in cumulative inflows, denoting $162.8M. BlackRock’s Ethereum ETF added 32,109 $ETH, approximately $126.22M. This inclusion raised the total Ethereum holdings of the ETF to 760,979 $ETH, accounting for $2.99. Along with that, Fidelity Ethereum Fund secured 10,500 $ETH. Furthermore, Invesco Galaxy Ethereum ETF recorded 671 $ETH in inflows. On the other hand, Grayscale Ethereum Trust incurred an outflow of nearly 1,865 $ETH. The rest of the 5 Ethereum ETFs saw no inflows at all.</p><h2 id="header-2">Recent Price Spikes of Bitcoin and Ethereum Fuel the Latest ETF Inflows</h2><p>This enormous capital influx into both Bitcoin and Ethereum ETFs indicates the rising institutional interest. According to <a href="https://lookonchain.com/" rel="noopener noreferrer nofollow">Lookonchain</a>, large investors are viewing ETFs as a regulated and secure vehicle for digital-asset exposure without facing the complications of straight crypto ownership. A key factor behind this rise takes into account Bitcoin’s recent surge above $100,000 and Ethereum’s gradual spike to $6,000.</p>

Bitcoin and Ethereum ETFs Paste Healthy Inflows: BlackRock Leads the Pack

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