The crypto ETF market is making substantial progress amid the increasing optimism. As per Spot On Chain, the BTC and ETH exchange-traded funds witnessed $1.86 billion and $211.9 million in weekly inflows respectively. The performance of last three trading days underscores a rising institutional interest. The on-chain analytics platform disclosed the growing ETF inflows on social media.

Bitcoin (BTC) ETFs See $1.86 Billion in Total Weekly Inflows

Spot On Chain mentioned that the Bitcoin exchange-traded funds effectively gained $1.86B in cumulative flows between 13^th and 17^th of January. During this week, a sheer upsurge has taken place in $BTC ETF inflows. This uptick parallels with a significant spike in the bullish momentum while the President Donald Trump’s inauguration is approaching.

During the week of 13-17 January, the $BTC ETFs pocketed remarkable inflows in 3 days. Particularly, on the 15^th of January, the net inflows of the Bitcoin ETFs reached $754.8M. In line with the market statistics, this massive inflow signified one of the peak points over the past thirty days. Following that, on the 16^th, the $BTC ETFs added up to $622.2M.

Trending Now: Bitcoin Open Interest Hits 350,000 as Bullish Momentum Builds

Moving forward, on the 17^th, the net inflows touched $975.6M. This capital inflow further boosted the market optimism surrounding Bitcoin. Hence, the price of the top crypto token has come closer to the $105K mark, a crucial psychological milestone.

Weekly Net Inflows of Ethereum ETFs Reach $211.9M

Simultaneously, the Ethereum ETFs also added noteworthy inflows during the same week. Nevertheless, $ETH ETFs saw inflows on 4 days of the week, cumulatively gathering $211.9M. As the market data reveals, a cumulative $1.2M entered the $ETH ETF market on the 14^th of January. Nonetheless, the inflow span rose on the next day to a great extent, adding a stunning $59.7M in total. In addition to this, the daily inflows reached $166.6M on the 16^th. However, on the 17^th, the $ETH ETFs recorded a relatively low inflow of $23.9M.

According to Spot On Chain, these notable inflows highlight the rising institutional interest in crypto ETFs. The inclusion of such a great amount of capital also signifies these ETFs’ long-term viability. Based on this sheer uptake before the Trump inauguration, the crypto community keeps watching for the further growth while expecting positive macroeconomic developments.