Bitcoin ETFs experienced a slight recovery, bringing in net inflows of $18.44 million following a period of significant outflows. Despite the modest gains, trading volumes remained steady, with only two ETFs witnessing notable fund movements.
BlackRock’s IBIT Leads Inflows
Among the U.S. spot Bitcoin ETFs, BlackRock’s IBIT stood out, attracting $30.14 million in fresh inflows. This continued IBIT’s dominance in the Bitcoin ETF market, as it remains the top performer in cumulative net inflows.
On the other hand, Ark and 21Shares’ ARKB faced $11.7 million in outflows, marking a pullback for the ETF after previous strong performances.
Neutral Trading for Most ETFs
While IBIT and ARKB saw fund movements, the other 10 spot BTC ETFs remained neutral, with no recorded inflows or outflows. Despite this quiet trading day, the total value of assets traded stood at $2.49 billion, reflecting ongoing investor interest in Bitcoin ETFs.
As of January 28, the cumulative total net inflow across all Bitcoin spot ETFs reached $39.5 billion, reinforcing their growing role in institutional Bitcoin adoption.
ETF Market Share and Net Asset Value
BlackRock’s IBIT dominates the sector with a cumulative net inflow of $39.82 billion, over three times the size of Fidelity’s FBTC, which holds $12.77 billion in inflows.
Other notable ETFs crossing the billion-dollar mark in net inflows include:
- Ark and 21Shares’ ARKB – $2.9 billion
- Bitwise’s BITB – $2.33 billion
- Grayscale’s BTC – $1.12 billion
The ETF net asset ratio, which measures the market value of BTC ETFs relative to Bitcoin’s total market cap, stood at 5.91%. Meanwhile, the total net asset value of Bitcoin spot ETFs reached $118.62 billion.
Ether ETFs See No Activity
While Bitcoin ETFs experienced some movement, U.S. spot Ether ETFs remained inactive on January 28. There were no inflows or outflows recorded across the nine Ether ETFs, suggesting a temporary pause in investor sentiment toward Ethereum-based products.
Bitcoin ETFs showed resilience with a modest rebound of $18.44 million in inflows, led by BlackRock’s IBIT. Although most ETFs saw no movement, the total market remains strong, with cumulative inflows approaching $40 billion. Ether ETFs, however, saw no activity, indicating a quieter phase for Ethereum investments.
