Ether ETFs Hit Record Inflows Amid Price Surge
U.S. Ether ETFs have seen a massive boost in investor activity, with a record $428.5 million flowing into these funds on Thursday. This surge in investment follows a notable 60% rise in Ether’s price over the past month, currently trading near $3,900.
The largest share of this influx was driven by BlackRock’s ETHA ETF, which alone secured $292.7 million, setting a new record for the fund. Over the past five days, Ether ETFs have gathered nearly $800 million in net inflows. Since launching in July, these ETFs have collectively attracted over $1.3 billion, signaling a growing appetite for Ethereum-based investment products.
Bitcoin ETFs Also See Significant Investment
Meanwhile, Bitcoin ETFs also experienced considerable inflows, totaling $766.7 million, marking the largest gain since November 21. Much of this was driven by BlackRock’s iShares Bitcoin Trust (IBIT), which has been breaking records consistently. Over the last five days alone, IBIT has brought in $2.5 billion, the largest amount raised by any ETF during this period.
IBIT’s Record-Breaking Performance
The iShares Bitcoin Trust has now surpassed $50 billion in assets, a significant milestone. It has raised more funds this year than most ETFs raised throughout their entire existence, according to ETF industry analysts. This strong performance is a clear indicator of the increasing institutional interest in Bitcoin and the growing role of cryptocurrencies in traditional investment portfolios.
Key Highlights
- Ether ETFs reached $428.5 million in inflows, driven by a 60% price increase in Ether over the last month.
- Bitcoin ETFs saw $766.7 million in inflows, with BlackRock’s IBIT leading the charge.
- IBIT now manages more than $50 billion in assets, setting new records for ETF growth.
- Over the past five days, IBIT raised $2.5 billion, the highest amount of any ETF during that period.
The record-breaking inflows into Ether and Bitcoin ETFs highlight the increasing investor confidence in digital assets. As both Ethereum and Bitcoin continue to gain traction among institutional investors, these developments underscore the growing maturity of the cryptocurrency market. With these assets gaining popularity, the demand for crypto-focused investment products is expected to rise, making them a key player in the evolving landscape of traditional finance.
