Crypto exchange-traded funds are expressing a wider bullish sentiment. As per the data from Lookonchain, Bitcoin ETFs have recorded huge net inflows during the past twenty-four hours, with BlackRock’s iShares ETF leading the charge. The on-chain analytics provider shared insights into the overall positive ETF flows.

Bitcoin ETFs Record $311.43M in Net Inflows, With $IBIT Leading Charge

During the recent 24 hours, Bitcoin ETFs have reported a cumulative inflow of nearly 3,215 $BTC. This figure denotes up to $311.43M in value. In this respect, BlackRock’s Bitcoin ETF ($IBIT) took the leading position by adding a notable 3,636 $BTC, accounting for $352.17M. With this significant inflow, the cumulative holdings of the exchange-traded fund jumped to 607,685 $BTC. Similarly, Fidelity’s $FBTC has also seen an inflow of 264 $BTC, bringing its cumulative Bitcoin holdings to 198,640 $BTC.

Apart from that, Bitwise Bitcoin ETF ($BITB) saw an inflow of 397 $BTC. Simultaneously, Valkyrie Bitcoin Fund ETF ($BRRR) and Invesco Galaxy Bitcoin ETF ($BTCO) recorded 26 $BTC and 142 $BTC in total inflows. As a result, their BTC holdings stand at 6,113 $BTC and 5,440 $BTC respectively. Despite the broader bullish flows of these ETFs, ARK 21Shares BTC ETF ($ARKB) and Grayscale Bitcoin Trust ($GBTC) recorded outflows of 903 $BTC and 347 $BTC respectively.

Ethereum ETF Outflows Reach $656K Amid Slight Inflows

In the meantime, Ethereum ETFs went through a net outflow of almost 358 $ETH, valued at $656K. The top Ethereum ETF in terms of outflows was Grayscale Ethereum Trust ($ETHE). It reportedly experienced 4,070 $ETH in outflows. Following this loss, the ETF now possesses 1,140,412 $ETH. Additionally, Grayscale Ethereum Mini Trust ETF ($ETH) witnessed a minor outflow of 2 $ETH. On the other hand, Fidelity Ethereum Fund ($FETH) recorded 3,417 $ETH in inflows, boosting its holdings to 423,396 $ETH. Moreover, Invesco Galaxy Ethereum ETF ($QETH) effectively earned 297 $ETH, raising its holdings to 8,758 $ETH.

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According to Lookonchain, the significant inflows of Bitcoin and Ethereum ETFs indicate the strengthening investor confidence. Despite this, the outflows recorded in Ethereum ETFs signify an apparent shift toward BTC. Specifically, the notable inflows of $IBIT and $FETH raise optimism for a continued bullish trend.