Investors poured into Bitcoin and Ether-focused exchange-traded funds (ETFs) on Thursday, marking the second-largest daily inflows for both asset classes since their respective launches.
U.S. spot Bitcoin ETFs saw total inflows of $1.17 billion, according to Farside Investors, led by BlackRock’s iShares Bitcoin Trust (IBIT) with $448 million and Fidelity’s Wise Origin Bitcoin Fund with $324 million. The surge in demand coincided with Bitcoin climbing above $113,800, hitting a new all-time high and extending its rally into Friday.
These inflows rank just behind the record $1.37 billion seen on November 7, 2024—the day Donald Trump won the U.S. presidential election.
Ether spot ETFs also saw significant momentum, recording net inflows of $383.1 million on Thursday—their second-highest daily total on record.
The majority of Ether ETF inflows came from BlackRock’s iShares Ethereum Trust (ETHA), which brought in $300.9 million—its largest single-day inflow to date.
Commenting on the surge, NovaDius Wealth Management president Nate Geraci noted in an X post on Friday that the near-record inflows occurred despite ongoing reluctance from traditional financial advisers to embrace Bitcoin and Ether spot ETFs.
“Major platforms such as Vanguard are still gatekeeping these ETFs,” Geraci added.
Bitcoin demand beating production
BlackRock’s iShares Ethereum Trust (ETHA) accounted for the bulk of Ether ETF inflows on Thursday, pulling in $300.9 million—its highest single-day inflow on record.
In a post on X Friday, Nate Geraci, president of NovaDius Wealth Management, highlighted that the near-record inflows came despite continued resistance from traditional financial advisers to offer Bitcoin and Ether spot ETFs.
“Major platforms like Vanguard are still gatekeeping these ETFs,” Geraci remarked.
