Ether ETFs See Unprecedented Growth
U.S. Ether ETFs have reached remarkable heights in terms of investor inflows, recording an all-time high of $428.5 million on Thursday. This surge follows a 60% rise in Ether’s price over the past month, with the cryptocurrency currently trading around $3,900.
Much of the inflow was driven by BlackRock’s ETHA ETF, which alone secured $292.7 million in net inflows, marking a significant milestone. Over the past five days, Ether ETFs have accumulated nearly $800 million in net inflows. Since their debut in July, these ETFs have seen total net inflows of more than $1.3 billion, showcasing the growing investor interest in Ethereum.
Bitcoin ETFs Draw Significant Inflows
Similarly, Bitcoin ETFs have also seen substantial investment, with $766.7 million in net inflows — the largest since November 21st. This growth was primarily driven by BlackRock’s iShares Bitcoin Trust (IBIT), which continues to set records. Over the last five days, IBIT attracted an impressive $2.5 billion, surpassing any other ETF in terms of capital raised during this period.
IBIT Breaks Records
The iShares Bitcoin Trust has now surpassed $50 billion in assets, setting another milestone in its journey. In fact, IBIT has attracted more capital in 2024 than most ETFs have throughout their entire lifetimes, according to data from the ETF industry. This surge highlights the growing interest in Bitcoin and the increasing institutional adoption of cryptocurrency-related investment products.
Key Highlights
- Ether ETFs saw record inflows of $428.5 million, fueled by a 60% price increase in Ether over the last month.
- Bitcoin ETFs recorded $766.7 million in inflows, with BlackRock’s IBIT leading the charge.
- The iShares Bitcoin Trust (IBIT) now holds more than $50 billion in assets, setting new records in ETF fundraising.
- Over the past five days, IBIT raised $2.5 billion, the most of any ETF during that period, highlighting robust investor demand.
The surge in inflows into both Ether and Bitcoin ETFs signals a strong market sentiment and increasing investor confidence in digital assets. With Ethereum and Bitcoin gaining popularity among institutional investors, the trend of record-breaking inflows suggests a growing acceptance of cryptocurrencies in traditional investment markets. These developments reflect the ongoing maturation of the cryptocurrency space, making it an attractive asset class for both retail and institutional investors.
