Bitcoin And Ethereum Spot Funds: Crypto ETF Boom Marches On with Continued Inflows

The broader cryptocurrency market has gone extremely enthusiastic following the current rallies from mainly Bitcoin and Ethereum. Along with this notable upward price performance of BTC and ETH is a persistent flow of huge capital into the spot funds of the two crypto leaders.

Spot ETF Inflows For Bitcoin And Ethereum Extend

Bitcoin and Ethereum, the two leading digital assets in the crypto market, are witnessing remarkable growth not just in terms of price. With the market regaining bullish traction, ETH and BTC Spot Exchange-Traded Funds (ETFs) have maintained a positive outlook for a notable period.

Such a development implies that investors’ appetite for crypto exposure through regulated vehicles is not abating, with BTC and ETH spot ETFs seeing steady inflows. These investors, both institutional and retail, appear to be keen on capitalizing on the long-term growth story of the two crypto giants.

Data from Farside Investors shows that Bitcoin Spot ETFs recorded yet another day of inflows, worth $297.4 million. This bullish close marked 8 consecutive days and 5 straight weeks of positive inflows for the products.

While the spot ETFs pulled a net inflow of $297.4 million, BlackRock’s iShares Bitcoin Trust (IBIT) fund once again dominated the market with an inflow of $394.7 million. Presently, BlackRock’s IBIT is the largest spot BTC fund after amassing more than $54 billion in cumulative net inflows and over $76 billion in assets under management (AuM).

Following BlackRock’s lead are Grayscale’s Bitcoin Mini Trust (BTC), VanEck BTC Trust (HODL), and Bitwise BTC ETF (BITB), with $12.7 million, $8.5 million, and $7.2 million inflows, respectively. Meanwhile, other funds either recorded 0 inflows or huge outflows.

According to Farside data, Ethereum spot ETFs also recorded a daily inflow of about $256 million. With $151.4 million absorbed, BlackRock’s iShares Ethereum Trust (ETHA) led the charge and outshone other funds. ETH, FETH, ETHW, ETHE, ETHV, and EZET saw inflows of $43.8 million, $31.4 million, $11.2 million, $8.9 million, $6.6 million, and $5.7 million, respectively. 

Investors’ Demand For BTC Spot ETFs At A Historic Level

Bitcoin spot ETFs are making headlines in the crypto sector as demand for these products continues to grow. A recent report from The Bitcoin Magazine on the X platform shows that the demand for funds has surged to a new all-time high of $94.2 million.

Furthermore, CryptoRank reported that BTC spot ETFs’ cumulative inflows are at an all-time high. These funds keep posting record-breaking cumulative inflows, which increases purchasing pressure and drives up the price of BTC to new thresholds.

As inflows into spot ETFs remain consistent, the ongoing momentum across Ethereum and Bitcoin funds supports the idea that the adoption of crypto ETFs is still a strong and long-lasting trend that is far from subsiding.