u.today
@lookonchain analytics account on the social media network X has published data regarding daily inflows registered by spot Bitcoin and Ethereum ETFs on January 7.
Fidelity has managed to leave BlackRock behind by inflows in their spot Bitcoin exchange-traded funds.
Jan 7 Update:
— Lookonchain (@lookonchain) January 7, 2025
10 #Bitcoin ETFs
NetFlow: +8,238 $BTC(+$828.97M)🟢#Fidelity inflows 3,625 $BTC($364.8M) and currently holds 209,135 $BTC($21.05B).
9 #Ethereum ETFs
NetFlow: +33,780 $ETH(+$122.72M)🟢#iShares(Blackrock) inflows 33,618 $ETH($122.14M) and currently holds 1,114,423… pic.twitter.com/FEs5tEBmNo
Fidelity wins by $BTC but loses by $ETH inflows
@lookonchain shared that on January 7, the net inflows into spot Bitcoin ETFs constituted an impressive $828.97 million worth 8,238 $BTC. The largest inflow was absorbed by Fidelity Wide Origin Bitcoin Fund (FBTC), comprising 3,625 $BTC equal to $364.8 million. This was the biggest inflow today which left behind even BlackRock’s IBIT with its 2,047 $BTC worth $200,756,454. BlackRock was followed by Ark 21Shares Bitcoin ETF (ARKB) and 1,495 $BTC it absorbed on January 7.
Fidelity has managed to beat BlackRock by weekly net inflow too, scooping up 7,972 $BTC versus IBIT’s 955. Last week and earlier in December BlackRock faced two massive Bitcoin outflows – the largest since the ETF’s inception.
Currently, Fidelity holds 209,135 Bitcoin equal to roughly $21.05 billion.
However, the BlackRock ETF attracted more Ethereum today, exceeding Fidelity’s inflows and absorbing 33,618 $ETH versus Fidelity’s 1,250 $ETH. The overall inflows constituted 33,780 $ETH. BlackRock’s ETF currently holds 1,114,423 $ETH worth $4.05 billion.