Bitcoin and Ethereum etfs Witness Record Inflows Amid Market Rally
Spot Bitcoin and Ethereum ETFs have seen a surge in net inflows, reaching over $1 billion on May 22. This is the highest level since November 2024, driven by Bitcoin’s all-time high.
Bitcoin ETFs led the charge with $934 million in daily inflows, their best performance since January 17. This pushed the total assets under management of spot Bitcoin ETFs to $104 billion. BlackRock’s IBIT fund, now holding 651,620 Bitcoins, was the biggest gainer. It recently surpassed Binance as the second-largest Bitcoin holder.
Ethereum ETFs also saw a significant boost, with $110 million in net inflows. This is the largest single-day gain since february 4. Grayscale’s ETHE fund led with $43.7 million in inflows.
Ethereum ETFs have enjoyed five consecutive days of positive inflows, totaling $10.07 billion in assets under management. This follows a 44% price increase for ETH since early May, indicating sustained investor interest.
Traders are capitalizing on Bitcoin’s bull market, which hit $111,970 on May 22. Despite a retreat in the stock market due to U.S.government debt and tariffs,crypto markets remain resilient.
These inflows suggest that investors are optimistic about Bitcoin and Ethereum’s future. With several other tokens perhaps getting spot ETFs soon, the crypto market’s momentum could continue.
