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 Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
