BlackRock’s Bitcoin ETF holdings reach 549,916 BTC, valued at $57.22 billion, following an inflow of 6,960 BTC

• Ethereum ETFs report 37,140 ETH in net inflows, with iShares holding 1,025,378 ETH, worth approximately $3.95 billion.
• Cryptocurrency ETFs outpace traditional gold ETFs, highlighting investor interest in Bitcoin’s scarcity and decentralized investment potential.

Institutional interest in cryptocurrencies continues to rise as Bitcoin and Ethereum ETFs record substantial inflows, reflecting increasing investor confidence in digital assets. BlackRock’s iShares Bitcoin ETF recently added 6,960 BTC, bringing its total holdings to 549,916 BTC, valued at approximately $57.22 billion. This surge highlights the growing role of Bitcoin ETFs as a preferred investment vehicle for accessing the cryptocurrency market.

Dec 18 Update:

10 #Bitcoin ETFs
NetFlow: +5,530 $BTC (+$575.39M)🟢 #iShares (Blackrock) inflows 6,960 $BTC ($724.29M) and currently holds 549,916 $BTC ($57.22B).

9 #Ethereum ETFs
NetFlow: +37,140 $ETH (+$143.25M)🟢 #iShares (Blackrock) inflows 34,227 $ETH ($132.01M) and currently… pic.twitter.com/HuGLxBJpLn

— Lookonchain (@lookonchain) December 18, 2024

The trend is mirrored in Ethereum ETFs , which have also seen strong inflows. Recent data shows a net increase of 37,140 ETH, valued at $143.25 million, across major funds.

iShares, a key player in the Ethereum ETF market, holds 1,025,378 ETH, worth approximately $3.95 billion, underlining the asset’s rising popularity among institutional investors.

Ethereum’s presence in ETF markets demonstrates its growing recognition as a legitimate component of diversified investment portfolios.

These inflows come at a time when traditional assets like gold are being outpaced by cryptocurrency ETFs. BlackRock’s Bitcoin ETF has exceeded the growth of its gold counterpart, signaling a possible shift in investor preferences. 

Analysts by ETHNews, suggest that the finite supply of Bitcoin, coupled with its decentralized nature, may be influencing this trend as investors look for alternatives to traditional safe-haven assets.

The increasing adoption of cryptocurrency ETFs represents a broader shift in market sentiment. By offering regulated and easily accessible exposure to crypto assets, ETFs are bridging the gap between traditional finance and the cryptocurrency sector.