U.S. spot Ether (ETH) exchange-traded funds (ETFs) posted record-breaking net inflows of $428.5 million on Thursday, led by BlackRock’s ETHA, which alone garnered $292.7 million. Over the past five days, Ether ETFs have accumulated nearly $800 million in inflows, reflecting heightened investor interest as ETH’s price surged by 60% over the past month to approximately $3,900. Since their July launch, these funds have attracted over $1.3 billion in total inflows, despite limitations like no staking, options trading, or major wirehouse access.
Bitcoin (BTC) ETFs also experienced significant activity, with $766.7 million in net inflows—the largest two-week total since November 21. BlackRock’s iShares Bitcoin Trust (IBIT) led the pack, adding $770.5 million in the same period and crossing $50 billion in assets under management. IBIT has attracted $2.5 billion in just five days, a milestone surpassed by only two ETFs launched in the past decade, according to Bloomberg analyst Eric Balchunas.
This surge in ETF activity underscores growing institutional interest in cryptocurrency as both Ether and Bitcoin continue to demonstrate resilience and attract record levels of investment.