n Wednesday, Jan. 29, bitcoin exchange-traded funds (ETFs) experienced a net inflow of $92.09 million, according to data from Sosovalue. This marks a continuation of positive momentum in the bitcoin ETF market.
Grayscale’s BTC fund led the inflows, securing $106.23 million, bringing its total net assets to $4.36 billion. Fidelity’s FBTC followed with an inflow of $18.20 million, increasing its net assets to $22.04 billion.
Conversely, after a long period of significant inflows, Blackrock’s IBIT experienced an outflow of $28.37 million reducing its net assets to $59.9 billion. Bitwise’s BITB also experienced an outflow, with $3.96 million leaving the fund. Other bitcoin ETFs remained stable with no significant inflows or outflows reported.
On the ether front, ETFs experienced a net outflow of $4.82 million on the same day. Grayscale’s ETHE was the primary contributor to this decline with an outflow of $15.75 million. In addition, Bitwise’s ETHW saw an outflow of $4.05 million.
In contrast, Blackrock’s ETHA and Fidelity’s FETH reported inflows of $9.49 million and $5.49 million, respectively.
As of Jan. 29, total net assets for bitcoin ETFs stand at $121.36 billion, while ether ETFs hold $11.33 billion with the market continuing to exhibit dynamic shifts, reflecting investor sentiment and market conditions.
Source:news.bitcoin.com
