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@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.
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.
Yuri MolchanCurrently, 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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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