U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) attracted over $1.1 billion in combined inflows on Monday, as Bitcoin climbed back above $100,000 for the first time since December 19.
Spot Bitcoin ETFs accounted for $978.6 million of the inflows, according to data from The Block. Fidelity’s FBTC fund led with $370.2 million, followed by BlackRock’s IBIT and Ark Invest’s ARKB, which saw $209.1 million and $152.9 million, respectively. Other contributors included Grayscale’s GBTC and BTC funds, Bitwise’s BITB, VanEck’s HODL, and Franklin Templeton’s EZBC.
This marks the second consecutive trading day with net inflows exceeding $900 million for Bitcoin ETFs, a sharp recovery after nearly $2 billion in outflows over the prior two weeks, including record net outflows of $332.6 million from BlackRock’s IBIT fund on January 2.
“I expected BTC ETFs to hit a rough patch after dropping below $100K, but they rebounded impressively with nearly $1 billion in inflows on Friday. The gains were distributed broadly, signaling robust interest,” said Eric Balchunas, Bloomberg’s ETF analyst.
Cumulative net inflows into U.S. spot Bitcoin ETFs have now reached $37.1 billion since their launch nearly a year ago.
Spot Ethereum ETFs also saw activity, recording $128.7 million in inflows on Monday, led by BlackRock’s ETHA fund. Total cumulative inflows for U.S. Ethereum ETFs now stand at $2.8 billion since their July debut.