Bitcoin and Ethereum ETFs Soar with Near-Record Demand
Investors flooded into Bitcoin and Ether spot ETFs on Thursday, driving the second-largest daily inflows on record for both asset classes.
U.S. Bitcoin ETFs pulled in $1.17 billion, while Ethereum ETFs saw $383 million in net inflows, signaling surging institutional appetite amid fresh all-time highs.
BlackRock and Fidelity led the Bitcoin ETF charge, with IBIT receiving $448 million and Wise Origin pulling in $324 million, according to Farside Investors. The inflow spike came as Bitcoin crossed $118,000, continuing its upward momentum into Friday.
Ethereum ETFs also posted historic figures. BlackRock’s Ethereum Trust (ETHA) alone brought in $300.9 million, its best day yet. The total ETH ETF haul was the second-highest since launch.
Despite the inflow frenzy, many traditional advisors remain on the sidelines. Nate Geraci of NovaDius Wealth Management noted that major platforms like Vanguard are still refusing to offer access to these crypto vehicles, even as demand explodes.
In terms of supply, ETF purchases far outpace coin issuance. Over the past 24 hours, only $6.33 million in new ETH entered circulation, compared to $383 million in ETF demand. For Bitcoin, $28.22 billion has been absorbed year-to-date by U.S. ETFs and Strategy, while miners have issued just $7.85 billion, according to Galaxy Research.
The imbalance highlights a growing dynamic: investor appetite through ETFs is overwhelming the rate of new crypto creation, further tightening supply as prices climb.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
