USDT, July 25, 2025 – Major US spot Bitcoin and ETHE investors experienced significant net inflows into their crypto-themed exchange-traded funds (ETFs) on Thursday, setting a record for the second-largest daily inflows in their respective funds’ histories as prices surged.
Premier Bitcoin ETFs logged inflows totalling approximately $1.17 billion Thursday. Significant contributions came from BlackRock’s iShares Bitcoin Trust (IBIT), which saw inflows of $448 million, and Fidelity’s Wise Origin Bitcoin Fund, which received $324 million. Bitcoin surpassed $113,800 as it fuelled these near-record inflows.
Overall Bitcoin ETF inflows Thursday fell just short of the prior peak of $1.37 billion, which occurred on Nov. 7, 2024, following President Donald Trump’s election victory.
Parallel inflows occurred in the Ethereum space, with total net inflows reaching $383.1 million. This figure represents not only the highest daily inflow total for Ether ETFs but also the second all-time high.
The bulk of Ether ETF inflows—$300.9 million—was recorded for BlackRock’s iShares Ethereum Trust (ETHA), establishing a new single-day record.
Insight from Victory Wealth Management‘s President Nate Geraci indicated these record inflows occurred despite reservations from some traditional financial advisers and platforms hindering easy access to BTC and ETHE spot ETFs, with Vanguard noted for continued gatekeeping.
Spot ETF Dominance Exceeds Network Production
Notably, both Bitcoin and Ether spot ETFs are increasingly absorbing net coin issuance (“minting”) on the relevant blockchains.
Ethereum data provider Ultra Sound Money reported network-level net issuance reached approximately 2,110 ETH, valued at $6.33 million, over the past 24 hours—a figure significantly lower than Thursday’s $383.1 million net inflow recorded across spot ETHE ETFs.
Similarly, Galaxy Research data indicates that all ten US spot Bitcoin ETFs combined have purchased roughly $28.22 billion worth of BTC in 2025, while Bitcoin miners, by running and mining, have generated net new Bitcoin at a value exceeding $7.85 billion during the same timeframe.
Related: Bitcoin investors have now splashed over $50B on US spot ETFs
