Bitcoin and Ether ETFs Surge with Record-Setting Net Inflows
U.S. spot Bitcoin ETFs drew $924.5 million in net inflows last week, signaling stronger fund inflows and breaking a period of stagnation.
Total trading volume for these funds reached $15.5 billion during the same time frame.
The cumulative net inflows over the past two weeks totaled $2.8 billion, with BlackRock's IBIT leading all issuers with $938.3 million in inflows, equivalent to about 11,845 Bitcoin.
Grayscale's Bitcoin Mini Trust (BTC) drew $81.9 million, or about 1,034 Bitcoin, while Fidelity's FBTC added $62 million, or about 783 Bitcoin.
In related news, spot Ether ETFs also posted $815.7 million in net inflows last week, with BlackRock's ETHA accounting for the largest share with $567 million of net inflows, equivalent to about 229,317 Ether.