Bitcoin and Ethereum ETFs Soak Up $900M in Wall Street Surge
Wall Street investors have shown renewed interest in Bitcoin and Ethereum exchange-traded funds (ETFs), pouring nearly $900 million into them. This influx of capital comes as both cryptocurrencies push through closely watched price levels, with Bitcoin climbing above $81,000 and Ethereum topping $2,500.
The data shows that Bitcoin ETFs attracted $730.8 million, their third-largest daily inflow of 2026, while Ethereum ETFs added another $141.4 million. BlackRock's IBIT accounted for roughly $454 million of Bitcoin inflows, or about 62% of the group's total.
Simon-Peter Massabni, head of business development at XS.com, noted that flows of this size can absorb substantial sell orders and help lift spot prices despite rising sovereign bond yields in the US and Japan. He also observed that the stronger spot market quickly spilled into leveraged trading, with Bitcoin futures open interest climbing above $57 billion.
However, Massabni cautioned that recent sessions show how quickly institutional positioning can change, leaving it unclear if this surge is a sustained accumulation cycle or just another sharp swing in an increasingly volatile market.