Bitcoin and Ethereum ETFs Soar with Near
Bitcoin Ethereum
Bitcoin and Overseas virtual currencyEthereum ETFs Soar with Near-Record Demand
Investors flooded into Bitcoin and Ether spot ETFs on Thursday, driving the second-largest daily inflows on record for both asset classes.
U.S. Bitcoin ETFs pulled in $1.17 billion, while Ethereum ETFs saw $383 million in net inflows, signaling surging institutional appetite amid fresh all-time highs.
BlackRock and Fidelity led the Bitcoin ETF charge, with IBIT receiving $448 million and Wise Origin pulling in $324 million, according to Farside Investors. The inflow spike came as Bitcoin crossed $118,000, continuing its upward momentum into Friday.
Ethereum ETFs also posted historic figures. BlackRocks Ethereum Trust (ETHA) alone brought in $300.9 million, its best day yet. The total ETH ETF haul was the second-highest since launch.
Despite the inflow frenzy, many traditional advisors remain on the sidelines. Nate Geraci of NovaDius Wealth Management noted that major platforms like Vanguard are still refusing to offer access to these crypto vehicles, even as demand explodes.
In terms of supply, ETF purchases far outpace coin issuance. Over the past 24 hours, only $6.33 million in new ETH entered circulation, compared to $383 million in ETF demand. For Bitcoin, $28.22 billion has been absorbed year-to-date by U.S. ETFs and Strategy, while miners have issued just $7.85 billion, according to Galaxy Research.
The imbalance highlights a growing dynamic: investor appetite through ETFs is overwhelming the rate of new crypto creation, further tightening supply as prices climb.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Related Recommendations
- Video Game Performers Secure AI Consent Rules in New SAG
- Outlook: Potential Bitcoin Surge Beyond $40,000 as USDT Whales Increase Buying Power
- UBS Crypto ETFs Are Now Available For Hong Kong Clients
- Grayscale's GBTC to Spot Bitcoin ETF Conversion Application Update
- Gate to Launch Pre
- ChainArgos: Tether Blacklists 8 Tron Wallets Once Again
- The Philippines Issues its First $270 Million Tokenized Bonds Targeting Institutional Investors
- Fusionist Set to Launch Second Beta Test on November 22, Expanding to 3000 Participants