On Wednesday, ahead of bitcoin’s thrilling leap to $100,000, U.S. spot bitcoin exchange-traded funds (ETFs) pulled in a hefty $556.82 million in new inflows. Not to be outdone, the nine U.S. spot ethereum ETFs saw a tidy $167.62 million flow their way during the same session.
Ethereum and Bitcoin ETFs Crush Records Before BTC's Six-Figure Breakthrough
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From Record Inflows to Six-Figure Bitcoin: Crypto ETFs Command the Spotlight
Bitcoin and ether-focused ETFs were busy collecting digital assets, with bitcoin ETFs capturing $556.82 million in positive inflows, while ethereum ETFs scooped up $167.62 million. Blackrock’s IBIT was the heavyweight champion among bitcoin ETFs, amassing an enormous $571.71 million, according to sosovalue.com. At the time of reporting, IBIT boasts a stash of 513,437.54 BTC. Valued at $102,423 per coin, IBIT’s holdings hit a staggering $52.58 billion as of Thursday.
Grayscale’s Bitcoin Mini Trust claimed the second spot with $55.71 million in inflows, while Fidelity’s FBTC followed with $17.27 million. However, not every fund had a winning day—Grayscale’s GBTC recorded a $94.31 million outflow. Wednesday’s inflows boosted the cumulative net total for bitcoin ETFs to $32.29 billion since Jan. 11. Altogether, the 12 funds hold approximately $108.23 billion in BTC reserves, representing 5.54% of bitcoin’s market cap.
Ethereum ETFs also enjoyed a fruitful session, attracting $167.62 million. Once again, Blackrock led the pack, with ETHA pulling in $124.35 million. Fidelity’s FETH brought in $40.68 million, and Grayscale’s Ether Mini Trust collected $8.79 million. These recent inflows raise the combined net total for ethereum ETFs to $897.82 million since July 23. Currently, the nine funds manage $12.26 billion in ETH, accounting for 2.62% of ethereum’s market cap.
With bitcoin hitting six figures at $102,423 per coin, all eyes are on spot bitcoin funds to see how they perform on Thursday and beyond. Wednesday’s dynamic ETF activity highlights growing investor enthusiasm for cryptocurrency, as both bitcoin and ethereum ETFs reach critical milestones. As bitcoin soars into six-digit territory and ethereum ETFs steadily grow their reserves, the momentum signals an exciting chapter for institutional crypto adoption, promising developments to watch closely in the coming weeks.
