Bitcoin and Ethereum ETFs attract over $1 billion in combined daily inflows as BTC consolidates back above $100,000

U.S. spot Bitcoin and Ethereum exchange-traded funds attracted over $1.1 billion worth of combined inflows on Monday as bitcoin rose back above the $100,000 level for the first time since Dec. 19.

The spot Bitcoin ETFs brought in $978.6 million, according to data compiled by The Block, led by Fidelity’s FBTC fund, which registered $370.2 million. BlackRock’s IBIT and Ark Invest’s ARKB also generated significant net inflows, adding $209.1 million and $152.9 million, respectively. Grayscale’s GBTC and BTC funds, Bitwise’s BITB, VanEck’s HODL and Franklin Templeton’s EZBC made up the remainder of the inflows.

The Bitcoin ETFs have now witnessed net inflows of more than $900 million for two trading days in a row, marking a significant turnaround following nearly $2 billion in net outflows during the prior two weeks, including the largest-ever net outflows of $332.6 million from BlackRock’s dominant fund on Jan. 2.

“I would have predicted a rough patch for the BTC ETFs given the drop below $100k (overdue for a breather), but no, they roared back with nearly $1 billion on Friday, which lifted the 1W to positive net,” Bloomberg ETF analyst Eric Balchunas said. “Good sign. The scoring was spread around too, Dream Team-style — also a good sign.”

Cumulative net inflows into the U.S. spot Bitcoin ETFs now stand at $37.1 billion since launching almost a year ago.

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Meanwhile, the spot Ethereum ETFs generated net inflows of $128.7 million on Monday, led by BlackRock’s ETHA fund, which added $124.1 million, followed by Fidelity’s FETH with $4.6 million. The remaining funds all witnessed zero flows for the day.

Since launching in July, the U.S. spot Ethereum ETFs have now generated $2.8 billion in cumulative net inflows.

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'Renewed institutional confidence'

The $1.1 billion combined ETF inflows reflect renewed institutional confidence, according to BRN lead analyst Valentin Fournier. “This influx helped bitcoin surge past $100K, reaching a peak of $102,750 before settling at $101,700,” he said. Bitcoin is currently trading for $101,436, per The Block's Bitcoin Price Page.

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“MicroStrategy’s $100M bitcoin purchase further bolstered sentiment, although its acquisition pace has slowed to a more measured level,” Fournier added. “Ethereum, despite benefiting from inflows, remained stagnant, signaling insufficient bullish momentum to break above $4,000.” 

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