Bitcoin and Ethereum ETFs See Record Inflows Amid Price Surge

Bitcoin exchange-traded funds (ETFs) in the US have seen their largest net inflows in roughly three months, reaching $517.2 million on August 19, according to SoSoValue. This surge marks a third consecutive trading day of net inflows and is the largest single-day figure in about three months.

BlackRock's IBIT was the primary driver of these inflows, pulling in approximately $284.7 million in a single day, accounting for more than half of total inflows. Fidelity's FBTC and Ark Invest's ARKB followed with net inflows of $62.4 million and $77.7 million, respectively.

Ethereum ETFs also recorded significant gains, attracting $189.1 million in net inflows on the same day. BlackRock's ETHA led with roughly $122.1 million, followed by Fidelity's FETH at approximately $36.5 million and Grayscale's Mini ETH at $16 million.

The massive inflows into crypto ETFs were directly driven by Bitcoin's sharp rally, which saw the asset trading at $69,561.58 as of 3:27 p.m., up approximately 8.3% from the previous day. Ethereum surged nearly 18%, reclaiming the $2,200 level.

Market analysts note that institutional investors' expanding crypto exposure is translating into ETF inflows, with some major institutions reportedly holding hundreds of millions of dollars in related ETF shares.