Bitcoin and Ether ETFs Draw Record $1.92 Billion as Wall Street Crypto Demand Surges
Bitcoin and ether ETFs saw substantial inflows over the past five days, as Wall Street's demand for crypto assets continued to surge. Bitcoin funds attracted $307.45 million across seven funds, with no outflows recorded.
Blackrock's IBIT supplied $239.28 million, accounting for about 77% of the daily total. Fidelity's FBTC followed with $30.19 million, while Grayscale's Bitcoin Mini Trust added $13.62 million.
Bitwise's BITB received $9.21 million, and Morgan Stanley's MSBT added $7.73 million. Vaneck's HODL brought in $4.36 million and ARK 21Shares' ARKB gained $3.07 million.
The week's momentum picked up during its final three sessions as bitcoin's price rallied and institutional allocations increased. The category saw a net inflow of roughly $6 billion from Thursday to $96.07 billion, bringing it within sight of reclaiming the $100 billion threshold.