Bitcoin And Ethereum ETFs Witness Unprecedented Inflows Amid Crypto Surge

By: Eliza Bennet

In a striking display of confidence from institutional investors, US-based spot Bitcoin ETFs have recorded a monumental influx of $1.2 billion as Bitcoin achieves a new all-time high of over $118,000. According to data from SoSoValue, this represents the second most substantial daily intake since their inception in 2024, highlighting the relentless institutional appetite for this digital asset class. The momentum built since mid-April has amassed over $15 billion in fresh capital, pointing to a sustained optimism in the market.

BlackRock's IBIT has been at the forefront of this investment surge, spearheading the day with $448.5 million in inflows and surpassing $5 billion in trading volume, double its usual daily average. This influx has brought IBIT's assets under management to nearly $80 billion, accumulating over 700,000 Bitcoin. This remarkable growth positions it as a significant player in the crypto finance market, with analysts forecasting it could potentially overtake gold in market scale in the coming years.

Ethereum, the second-largest cryptocurrency by market capitalization, also experienced robust ETF activity. The newly launched U.S. spot Ethereum funds brought in over $383 million. BlackRock's iShares Ethereum Trust led the influx with $300 million, demonstrating a similar narrative of mounting institutional interest. These developments suggest the ETF landscape is rapidly evolving to embrace digital currencies as viable investment vehicles.

Amid the heightened ETF performance, altcoins such as Ethereum, Cardano, and XRP have also captured investor attention with double-digit gains, reflecting broader market buoyancy. While Bitcoin's record-breaking trajectory has captured headlines, these alternative cryptocurrencies have not been overshadowed, showing that diversified crypto portfolios are benefiting hugely from the bull run.

The ongoing dynamics in the ETF market and the broader crypto finance system suggest further volatility as institutions continue to navigate this digital frontier. The influx into Bitcoin and Ethereum ETFs signifies a roaring endorsement for crypto from serious market players, promising an exciting trajectory for digital assets.