US Spot Crypto ETFs Hit Record Inflows as Bitcoin, Ethereum Surge
Investors pour into leading exchange-traded funds tracking the world’s top cryptocurrencies.
Bitcoin Fund Dominance
Bitcoin and Ethereum spot exchange-traded funds (ETFs) in the US recorded record-breaking inflows, with over $1.2 billion moving into Bitcoin ETFs on Thursday, according to Bloomberg data.
BlackRock’s iShares Bitcoin Trust (IBIT) led the surge, registering $5 billion in trading volume, nearly double its average daily volume. This marked the second-largest single-day inflow across all 11 US Bitcoin funds since their January 2024 launch.
Analyst Commentary (Click for more details)
“IBIT seeing big volume surges on up-price days usually signals ‘big boy flows,’” noted Bloomberg’s Eric Balchunas. “Good chance we see even more in the next couple of days.”
Bitcoin itself hit another record high, surpassing $118,000 and notching its second record-breaking day this week. Similarly, Ethereum reached multi-month highs above $3,000.
Recognition of this pivotal moment came as analysts from firms including Bitwise, Bernstein, and Standard Chartered expressed growing conviction that the rally is only beginning. Several predict Bitcoin could surpass $200,000 by year-end, driven by factors such as renewed institutional treasury adoption, hopes for central bank rate cuts, and increased institutional “copycat” strategies.
Ethereum ETF Performance
BlackRock’s spot Ethereum ETF also saw unprecedented demand, recording approximately $800 million in volume over the trading days of Wednesday and Thursday, according to Balchunas.
All nine US-based Ethereum ETFs attracted over $300 million in inflows, setting their second-best day ever since debuting in July 2024.
Industry Insights (Click for more details)
“A new daily inflow record for iShares Ethereum ETF of $300+ million,” ETF Store president Nate Geraci wrote on X. “And that’s with major platforms still gatekeeping access.” Geraci also observed that “financial advisors have barely begun allocating.”
