Bitcoin and Ethereum ETFs are seeing massive inflows as investor confidence in crypto products reaches new highs.
On Thursday alone, over $1 billion poured into Bitcoin and Ethereum ETFs. This marks the highest single-day combined inflow in five months. The surge reflects renewed interest in crypto as a mainstream investment tool.
Leading the charge, BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $877 million. This is the fund’s third-largest daily inflow ever. With over $41 billion in total inflows since January 2024, IBIT remains the top performer among crypto ETFs. Bitcoin-focused funds, in total, received $935 million on Thursday.
Ethereum ETFs also gained serious traction. They received over $110 million, led by Grayscale Ethereum Trust (ETHE) and Fidelity Ethereum Trust (FETH). Each attracted over $40 million, a strong signal that Ethereum is catching up with Bitcoin in investor appeal.
BlackRock’s IBIT leads the Bitcoin and Ethereum ETFs inflow rally
Bitcoin’s recent rally is another major factor behind these inflows. After falling below $75,000 in April, Bitcoin surged 48% in just weeks. On Thursday, it reached a new all-time high of $111,814.
Many investors now view Bitcoin as a safe haven asset. This shift comes amid easing inflation data and reduced trade war fears. Macroeconomic uncertainty continues, but Bitcoin’s appeal as digital gold appears to be growing.
IBIT alone added more than $1.9 billion just this week. It’s the third week in the past month that IBIT surpassed the $1 billion mark. The second-best performer, Fidelity’s FBTC, trails far behind with about a quarter of IBIT’s total.
ANOTHER MUST-WATCH ON ICN.LIVE:
Ethereum is gaining ground with strong ETF demand
Ethereum’s price performance has also turned heads. While it trailed Bitcoin earlier in the year, its recent gains outpaced the broader market. Over the last 30 days, Ethereum is up more than 46%, trading near $2,565.
The iShares Ethereum Trust (ETHA) has brought in over $4.3 billion in net inflows, more than double its closest rival. Although Grayscale’s ETHE has suffered heavy outflows, its early lead and brand recognition still make it a major player.
Eight Ethereum-focused ETFs are currently live. Despite competition, the overall trend shows institutional investors are increasingly diversifying into Ethereum alongside Bitcoin.