Institutional interest in crypto appears to be reigniting, with U.S.-based spot Bitcoin and Ethereum ETFs collectively pulling in over $1 billion in net inflows on Thursday—marking their strongest daily performance since January.
The bulk of Thursday’s inflows—$934.8 million—went to Bitcoin funds. BlackRock’s IBIT dominated activity, contributing $877 million, pushing its year-to-date intake beyond $7.7 billion and cementing its place among the top five U.S. ETFs overall.
Fidelity’s FBTC and Ark’s ARKB followed with modest gains, while most other Bitcoin ETFs saw no activity. This marks seven consecutive days of positive flows, with cumulative inflows now exceeding $44 billion since January.
Ethereum ETFs added $110.5 million, their best daily performance since February. Grayscale, Fidelity, and Bitwise accounted for all inflows, while BlackRock’s ETHA remained flat. The ETH ETF sector has now seen five straight days of net gains.
According to analysts, the spike is likely a mix of renewed institutional confidence, a favorable risk environment, and potential liquidations of government-held crypto reserves. Galaxy’s Michael Harvey noted that “corporate buying appears to be leading the charge.”
Strive Asset Management, co-founded by entrepreneur Vivek Ramaswamy, is taking a strategic approach to growing its Bitcoin holdings—by acquiring distressed crypto claims rather than buying directly from the market.
Bitcoin marked a new all-time high of $111,861 on Bitcoin Pizza Day, but beyond the headline, data suggests this rally is still gaining steam — not cooling off.
Mike Novogratz, the head of Galaxy Digital, believes the current state of the U.S. economy—and shifting attitudes in Washington—are creating ideal conditions for Bitcoin and the broader crypto market.
Bitcoin’s recent breakout above $110,000 has reignited bullish sentiment, with crypto prediction markets signaling growing confidence in further gains.