TL;DR
- U.S. Bitcoin and Ethereum ETFs recorded a combined net inflow of $1.05 billion on Thursday, the highest daily figure since January.
- BlackRock’s IBIT ETF led the inflows with over $877 million, establishing itself as one of the strongest funds of the year.
- Ethereum is gaining ground with a 91% rebound since April, attracting new institutional flows that could signal the start of a new bullish cycle.
Thursday marked a milestone for cryptocurrency exchange-traded funds (ETFs) in the United States, as net inflows surpassed $1.05 billion, the largest daily amount since January. The majority of these new flows came from Bitcoin ETFs, which drew $934.8 million, while Ethereum ETFs added $110.5 million. Notably, BlackRock’s IBIT ETF alone accounted for $877.2 million in inflows during the day, pushing it into the top five ETFs by year-to-date inflows, having raised over $7.7 billion since April.
This renewed institutional interest coincides with Bitcoin’s fresh all-time high, breaking above $109,000 on Wednesday and briefly touching $112,000 on Thursday, reinforcing its position as the flagship asset of the crypto ecosystem. Since bottoming near $75,000 in March, the leading cryptocurrency has recovered 32%, reigniting investor appetite among both large institutions and retail investors worldwide. Furthermore, the cumulative net inflows into Bitcoin ETFs have now reached $44.6 billion since their launch in January, with $9.1 billion recorded so far this year alone, highlighting the strong confidence in crypto’s future.
Ethereum’s Resurgence and Capital Rotation Towards Altcoins
While Ethereum has yet to surpass its all-time high from 2021, it has displayed a remarkable recovery, climbing 91% since its April low to reach $2,668. Fidelity’s FETH ETF attracted $42.2 million, while Grayscale contributed another $43.7 million in inflows. These movements highlight a growing enthusiasm for altcoins as some capital previously concentrated exclusively in Bitcoin begins to diversify into other promising digital assets and innovative blockchain projects.
Thomas Erdösi, Head of Product at “CF Benchmarks”, notes that the current low volatility and moderate use of leverage suggest this bullish phase is more measured and stable compared to previous cycles. Additionally, Michael Harvey of “Galaxy Digital” emphasizes that the current “risk-on” environment combined with corporate buying is driving flows, even as some governments continue to liquidate seized crypto assets.
With increasing interest from major investors and clearer regulatory frameworks in the U.S. market, cryptocurrency ETFs are positioning themselves as an increasingly reliable and accessible option for those looking to gain exposure to digital assets.
