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.”
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