Bitcoin spot ETFs have bounced back with a modest net inflow of $18.44 million, marking a recovery from previous outflows. Despite limited movement, BlackRock’s IBIT led the gains, while Ark and 21Shares’ ARKB saw outflows.

Bitcoin ETFs See Positive Momentum

On a relatively quiet trading day, U.S. spot bitcoin ETFs registered a total net inflow of $18.44 million, according to data from Sosovalue. BlackRock’s IBIT saw the highest inflow of $30.14 million, while Ark and 21Shares’ ARKB experienced $11.7 million in outflows. The remaining ten bitcoin ETFs remained neutral with no inflows or outflows recorded.

Trading Volume and Market Performance

The total value of bitcoin ETF assets traded on 28 January stood at $2.49 billion, slightly increasing the cumulative net inflow to $39.5 billion. BlackRock’s IBIT continues to dominate with a cumulative net inflow of $39.82 billion, significantly surpassing Fidelity’s FBTC, which holds $12.77 billion.

Apart from IBIT and FBTC, only three other ETFs have crossed the billion-dollar mark in net inflows: Ark and 21Shares’ ARKB with $2.9 billion, Bitwise’s BITB with $2.33 billion, and Grayscale’s BTC with $1.12 billion in assets under management.

ETF Market Share and Valuation

The ETF net asset ratio, which measures the total market value of bitcoin ETFs relative to bitcoin’s overall market cap, stood at 5.91%. The total net asset value (NAV) of bitcoin spot ETFs reached $118.62 billion, reflecting growing institutional interest despite market fluctuations.

Ether ETFs Remain Stagnant

In contrast, U.S. spot ether ETFs saw no trading activity on 28 January, with no recorded inflows or outflows across the nine listed funds. The stagnation highlights a divergence in investor sentiment between bitcoin and ether ETFs.

Bitcoin spot ETFs continue to attract investor interest, with BlackRock’s IBIT leading the charge. While the overall market remains stable, the ETF space is evolving, with fluctuations in fund movements shaping the investment landscape. Meanwhile, ether ETFs remain in limbo, awaiting renewed market activity.