Bitcoin and Ethereum ETFs have recorded more than $2024 billion in net inflows, the highest level since November XNUMX.
Bitcoin's record high (BTC) has led to significant inflows into crypto ETFs. On Thursday, May 22, net inflows into spot Bitcoin and Ethereum (ETH) exchange-traded funds exceeded $1 billion, the best performance for ETFs since November 2024.
Inflows into spot Bitcoin ETFs were notable, with daily inflows of $934 million, the best performance since January 17. This brings the total assets under management in spot Bitcoin ETFs to $104 billion.
The biggest ETF winner is BlackRock’s IBIT fund, which currently holds 651.620 individual Bitcoins. These inflows have recently led to BlackRock overtaking Binance as the second-largest holder of Bitcoin. Only Satoshi Nakamoto’s inactive wallet address holds more Bitcoin, at 1,123 million. Notably, Michael Saylor’s strategy comes in fourth with 576 Bitcoins.
Ethereum ETFs, on the other hand, recorded $110 million in net inflows, the largest daily increase since Feb. 4. The biggest winner among ETFs was Grayscale's ETHE fund, with $43,7 million in net inflows.
This marks the fifth consecutive day of positive inflows for Ethereum ETFs, which currently hold a total of $10,07 billion in assets under management. This follows strong price performance for ETH, which has risen 44% since the start of May. This points to continued interest in Ethereum, even as several other tokens could soon get their spot ETFs as well.
Traders are clearly jumping in to take advantage of Bitcoin’s bull market, which hit an all-time high of $22 on May 111.970. Notably, crypto markets remain resilient despite a broader stock market downturn, which has been rocked by U.S. government debt and tariffs.
What are the key factors behind the recent inflow into crypto ETFs?
The record prices of Bitcoin and Ethereum combined with growing confidence in the crypto market are driving forces behind the inflow.
Why Have Ethereum ETFs Become More Popular?
Everyone is enamored with the strong price increase of ETH and the continuous developments in the Ethereum ecosystem, which adds to the attractiveness of the ETFs.
What can we expect from the crypto markets in the near future?
With the emergence of new tokens and eventual spot ETFs, there is a good chance that the markets will continue to grow and thus attract a new generation of investors.
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