Bitcoin and Ethereum ETFs see $655M in inflows as SEC swiftly approves Bitwise’s new combined fund

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the US saw inflows of approximately $655 million on Jan. 30, reflecting a strong rebound in investor interest.

The surge comes after the US Securities and Exchange Commission’s (SEC) approval of a Bitwise fund offering exposure to both assets.

Bitcoin and Ethereum ETF flows

Data from SoSoValue shows that spot Bitcoin ETFs pulled in $588.22 million in net inflows on Jan. 30. BlackRock’s IBIT led with $321.5 million, while Fidelity’s FBTC followed closely with $209.14 million.

Other funds also saw positive activity. Bitwise’s BITB and ARK 21Shares’ ARKB recorded cumulative inflows of around $35 million.

Franklin Templeton’s EZBC added $6.11 million, VanEck’s HODL gained $5.97 million, and Invesco Galaxy’s BTCO attracted $5.24 million. Grayscale’s Mini Bitcoin Trust rounded out the day with $4.65 million in new investments.

Total net inflows for spot Bitcoin ETFs have now exceeded $40 billion. The funds collectively manage $123.43 billion in assets, representing 5.94% of Bitcoin’s total circulating supply.

Meanwhile, Ethereum ETFs also performed well on the day, with the nine funds generating $67.77 million in net inflows.

According to SoSoValue data, BlackRock’s ETHA led with $79.86 million, followed by Fidelity’s FETH at $15.41 million. Grayscale’s Mini Ethereum Trust gained $12.79 million.

Grayscale’s Ethereum Trust was the only fund to report losses, with outflows totaling $40.29 million. Other Ethereum ETF issuers reported no inflows or outflows for the day.

SEC clears Bitwise fund

On Jan. 30, the SEC approved NYSE Arca’s application to list and trade shares of Bitwise’s Bitcoin and Ethereum ETF.

Initially proposed in November, the fund exposes investors to both assets in a single product by tracking their spot prices with allocations based on their market capitalization.

According to the regulator:

“The amended filing is substantially similar to filings for other spot bitcoin and…