Bitcoin and Ethereum ETFs Attract $655M Amid Renewed Investor Interest

Investor enthusiasm for U.S. spot Bitcoin and Ethereum ETFs surged on January 30, with funds collectively attracting around $655 million.

This renewed momentum comes after the SEC approved a new dual-asset fund from Bitwise, signaling growing institutional confidence in crypto investment products.

Bitcoin ETFs saw a significant influx of capital, adding $588 million in net inflows. BlackRock’s IBIT led with over $321 million, followed by Fidelity’s FBTC, which drew in more than $209 million. Additional investments flowed into offerings from Bitwise, ARK 21Shares, VanEck, and Franklin Templeton, pushing total net inflows for spot Bitcoin ETFs past $40 billion. These funds now collectively manage $123 billion in assets, accounting for nearly 6% of Bitcoin’s circulating supply.

Ethereum ETFs also benefited from the rising interest, bringing in nearly $68 million. BlackRock’s ETHA was the standout performer, attracting close to $80 million, with Fidelity’s FETH following at $15 million. However, Grayscale’s Ethereum Trust saw $40 million in outflows, making it the only major Ethereum ETF to experience losses.

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The SEC’s approval of Bitwise’s Bitcoin and Ethereum ETF added further momentum to the market. The fund, tracking both assets in a single product based on market capitalization, was approved in just 45 days—far faster than the standard 240-day process. Bloomberg analyst Eric Balchunas pointed out this accelerated decision could indicate a shift in the SEC’s approach to crypto ETFs, potentially opening the door for additional products like a Litecoin ETF in the near future.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.