A prominent on-chain analytics firm says the 10 largest Bitcoin exchange-traded funds (ETFs) witnessed massive inflows over the past week as BTC surged above $90,000.
On the social media platform X, Lookonchain says the Bitcoin ETFs saw net inflows of 29,321 BTC worth $2.78 billion in just seven days.
Net inflows refer to the number of coins entering an ETF minus outflows or coins leaving the investment vehicle.
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The analytics firm also notes that nine Ethereum ETFs witnessed positive total net inflows last week to the tune of 20,518 ETH worth $36.5 million.
Says Lookonchain,
“Apr 25 Update:
10 Bitcoin ETFs:
NetFlow: +5,037 BTC (+$477.93 million)
iShares(Blackrock) inflows 3,500 BTC($332.07 million) and currently holds 586,164 BTC($55.62 billion).
Nine Ethereum ETFs:
NetFlow: +31,199 ETH (+$55.5 million)
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