Bitcoin and Ethereum ETFs Break Records Amid Price Surges

Bitcoin and Ethereum exchange-traded funds (ETFs) experienced a historic week as investors poured in record-breaking amounts amid rising prices. Spot Bitcoin ETFs in the United States saw multi-billion-dollar inflows, while Ethereum ETFs finally gained momentum after a slow start.

Bitcoin ETFs faced outflows early last week, with $435.5 million withdrawn on Monday and $122.8 million on Tuesday, partly due to a national holiday on Thursday. However, the trend shifted significantly, with inflows of $353.6 million on Monday, $676 million on Tuesday, $556.8 million on Wednesday, $766.7 million on Thursday, and $376.6 million on Friday. Total net inflows reached $2.73 billion, with the majority going to BlackRock’s IBIT, the world’s largest Bitcoin ETF, which captured over $2.6 billion of the total. Nate Geraci, president of ETF Store, noted BlackRock’s dominance in this surge. The inflows pushed Bitcoin’s price to a new all-time high of $100,350 on Thursday, breaking the $100,000 barrier for the first time.

Ethereum ETFs also saw a remarkable turnaround, with $1.4 billion flowing into these funds over the past two weeks. Last week alone accounted for $836.8 million, the highest since their launch in July. Thursday was the standout day with $428.5 million in inflows, followed by $24.2 million on Monday, $132.6 million on Tuesday, $167.7 million on Wednesday, and $83.8 million on Friday. This surge coincided with Ethereum’s price surpassing $4,000 on Friday, marking an 8% gain from the previous Sunday and the first time it reached this level since March.

These developments highlight the growing appeal of crypto ETFs as they attract investors seeking alternatives to traditional assets. With Bitcoin and Ethereum prices rallying, both funds are positioned as leading tools for exposure to the evolving cryptocurrency market.