Bitcoin ETFs experienced a significant net inflow of $524 million, bringing total holdings to $60.49 billion, close to a $60.5 billion milestone. This marks a reversal from a previous $558 million outflow. BlackRock led the inflows with $224 million, increasing its holdings to approximately 802,000 BTC, while Fidelity added $166 million.
In contrast, Ethereum ETFs saw a net outflow of $107 million, with Grayscale leading the decline with a $76 million outflow, marking the sixth consecutive day of outflows. Total Ethereum ETF holdings stand at $13.75 billion, representing 5.6% of Ethereum's market cap.
BlackRock's Bitcoin holdings now account for 3.8% of the total supply, surpassing MicroStrategy's 640,000 BTC. The firm has seen a weekly inflow of $3.5 billion, indicating strong institutional demand. Meanwhile, Ethereum's outflows continue, with a recent daily average of $93 million.
Bitcoin ETF Inflows Surge as Ethereum Sees Continued Outflows
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