Bitcoin, Ether ETFs clock second-biggest day of inflows on record
BlackRock’s Bitcoin and Ether funds were the biggest beneficiaries of Thursday’s net inflows.
Bitcoin and Ether investors piled into their respective crypto-themed funds on Thursday, marking their second-largest daily inflows since their inception.
US spot Bitcoin exchange-traded funds inflows totaled $1.17 billion, with $448 million coming from BlackRock’s iShares Bitcoin Trust ETF (IBIT) and $324 million from Fidelity’s Wise Origin Bitcoin Fund, according to Farside Investors. The near-record inflows came as Bitcoin topped $113,800, setting new highs and continuing to rally into Friday.
The inflows come second to the $1.37 billion recorded on Nov. 7, 2024, when Donald Trump won the US presidential election.