What you need to know:
- A record net $428.5 million flowed into U.S. spot ether ETFs on Thursday.
- Bitcoin ETFs saw their largest inflows since November 21.
Details: In the past five days, inflows into U.S. spot ether (ETH) ETFs hit a record of $428.5 million. This surge was led by BlackRock's ETHA, which captured $292.7 million contribution, marking its own record as well. Over approximately a week, ether ETFs have collected close to $800 million in net inflows according to data from Farside Investors.
This flow coincides with the fact that the second-largest cryptocurrency by market cap, ether, surged about 60% within the last month, currently trading around $3,900.
"Spot ether ETFs have now attracted over $1.3 billion in net inflows since their launch in July," remarked Nate Geraci, president of the ETF Store. "This success remains noteworthy due to challenges such as substantial outflows totaling nearly $3.5 billion from the Grayscale Ethereum Trust (ETHE)."
On the Bitcoin (BTC) front, ETFs reported similarly robust inflows, with a net increase of $766.7 million, marking the peak inflow since November 21, led mainly by BlackRock's iShares Bitcoin Trust (IBIT) which witnessed an impressive $770.5 million in inflows. IBIT continues to shatter records; it recently surpassed $50 billion in total assets and realized $2.5 billion in inflows over a five-day period, the largest for any ETF according to Eric Balchunas.
This indicates that IBIT is attracting more capital this year than most of the 2,800+ ETFs launched over the past decade have through their entire histories.
