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