Despite some crypto market pullbacks, the pace of Bitcoin and Ethereum spot exchange-traded funds (ETF) inflows has remained strong for two weeks in a row, reflecting investors’ robust interest in digital assets.
On Wednesday, Bitcoin spot ETFs recorded a net inflow of $275 million, marking fifteen consecutive days of positive movement. Data from Sosovalue showed that BlackRock’s IBIT ETF led the charge with $360m of inflows.
On December 18, Bitcoin spot ETFs had a total net inflow of $275 million, continuing net inflows for 15 consecutive days. BlackRock ETF IBIT had a net inflow of $360 million. https://t.co/59u0BnEqLG pic.twitter.com/8YRtjyAxNI
— Wu Blockchain (@WuBlockchain) December 19, 2024
Like Bitcoin’s abject performance in the ETF market, its trade near the $100,000 mark suggests there are still plenty of people buying into it for an institutional and retail audience.
Other Ethereum spot ETFs also gathered some traction, with 18 consecutive days of inflows. As of Wednesday, the total net inflows for Ethereum spot ETFs were $2.45 million.
Bitcoin Rebounds After Dip, Showcasing Market Resilience
The ETF, ETHA, topped the pack with $81.9 million of net inflows, showing that Ethereum is receiving significant investor interest. Grayscale’s ETH and Fidelity’s FETH also contributed to Ethereum’s other major players as a dominant force in the cryptocurrency market.
On December 18, the total net inflow of Ethereum spot ETF was $2.4513 million, and the net inflow continued for 18 days. BlackRock ETF ETHA, the net inflow was $81.9069 million.https://t.co/Tvs2oCSxTg pic.twitter.com/bYZ4crAGBj
— Wu Blockchain (@WuBlockchain) December 19, 2024
While that is good news for ETFs, on Wednesday the broader cryptocurrency market hit a brief setback. Bitcoin’s price fell below the $100,000 level, taking the price of all cryptocurrencies down 4% and with a worldwide cryptocurrency market capitalization of $3.84 trillion.But Bitcoin quickly rebounded on Thursday to trade around $101,800, showing the market’s resilience to it.
The rising confidence in cryptocurrencies as viable long-term investments shows that the money will continue to flow into Bitcoin and Ethereum spot ETFs.
The adoption by institutional heavyweights like BlackRock, Grayscale, and Fidelity of these products, together with a growing participation of institutional investors in the cryptocurrency market, is indicative of the growing participation of institutional investors in the cryptocurrency market.
Spot ETFs have risen as an easy way for retail and institutional investors to gain exposure to digital assets without having to hold them directly. This is a footprint for the wider adoption of crypto-based financial products, as they secure a totem placement in the new investment landscape.
While Bitcoin and Ethereum spot ETFs will show some short-term movement over the next weeks, continued inflows into these products underscore the appeal of these digital assets. The more institutional participation, the more the cryptocurrency market will become a pillar of modern investment portfolios.
