Bitcoin ETFs Gain $77.62M in Inflows as BlackRock Leads the Charge

• BlackRock’s Bitcoin ETF led with a $315M inflow, boosting its total BTC holdings to 433,713, valued at $30.19B.
• Ethereum ETFs saw a net inflow of 19,064 ETH, with iShares adding $49.4M worth, raising total holdings to 466,275 ETH.
• Combined Bitcoin and Ethereum ETFs experienced strong inflows, reflecting increased investor interest in cryptocurrency ETFs.

On November 1, Bitcoin and Ethereum ETNs witnessed huge inflows which testify investor trust and appetite in such products. From the analysis of the data, it becomes apparent that there are quite differentiated trends of asset flow with the primary ETFs and leading firms such as BlackRock.

Nov 1 Update:

10 #Bitcoin ETFs
NetFlow: +1,115 $BTC(+$77.62M)🟢#Blackrock(iShares) inflows 4,528 $BTC($315.17M) and currently holds 433,713 $BTC($30.19B).

9 #Ethereum ETFs
NetFlow: +19,064 $ETH(+$47.83M)🟢#Blackrock(iShares) inflows 19,691 $ETH($49.4M) and currently holds… pic.twitter.com/XiCY3FrPtW

— Lookonchain (@lookonchain) November 1, 2024

Bitcoin ETFs: Strong Inflows Mark Positive Momentum

The report disclosed that among the 10 main Bitcoin ETFs, the overall number has a net inflow of 1,115 BTC with a value of roughly $77,620,000. Such a positive change indicates that more investor attention is shifting back towards Bitcoin ETFs due to constant volatile markets. It is crucial to mention that the top realized gross amount was achieved by the iShares by BlackRock with an inflow of 4,528 BTC, or $315,170,000. These assets boosted iShares’ total investments to 433,713 BTC equivalent to about $30.19 billion.

Same as with other kinds of Bitcoin ETFs, the latter saw inflows but their numbers were not nearly as high. For instance, the ARK 21 Shares Bitcoin ETF received 1,338 BTC over the week, which brought the balance a positive inflow. However, for example, the Fidelity Wise Origin Bitcoin Fund observed 1,071 BTC net outflow within 7 days, which implies the diversification of investment patterns.

Ethereum ETFs: Noticeable Growth in Inflows

It also noted the inflows to the Ethereum ETF market. Nine major Ethereum ETFs witnessed a collective net inflow of 19,064 ETH, which in today’s value of around 47,830,140 USD. Similarly, BlackRock’s iShares Ethereum ETF can be distinguished by the inflow of 19,691 ETH, or $49.4 million. This edged up its holdings to 466,275 ETH, or $1.17 billion in total value.The Ethereum based trust operated by Grayscale recorded a minor outflow of 100 ETH in the last one day but currently controls a huge amount of 1.59 million ETHs. The Fidelity Ethereum fund was performing smoothly and even bought 4,000 ETH during the week.

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