BlackRock's Bitcoin ETF Swamps Records as US Crypto Fund Inflows Soar

US Bitcoin spot ETFs have seen a significant shift in investor sentiment, recording over $200 million in net inflows on a single day. This marks a sharp reversal from the previous day's net outflows.

The lion's share of these inflows came from BlackRock's IBIT, which attracted $205.9 million, accounting for nearly 95% of total net inflows. Fidelity's FBTC and Bitwise's BITB also saw significant inflows of $6.9 million and $4.3 million respectively.

This influx of capital comes on the heels of an improving supply-demand trend in recent weeks. Over the past two weeks, US Bitcoin spot ETFs have recorded a cumulative net inflow of $2.8 billion, a clear expansion from previous stagnation or net outflows.

The surge in demand for crypto assets is also evident in Ethereum spot ETFs, which recorded $815.7 million in net inflows last week. BlackRock's ETHA was the largest recipient, attracting $567 million and extending its streak of consecutive daily net inflows to 10 trading days.