Crypto Market Rally Continues as $827 Million Flows into Bitcoin and Ether ETFs
The crypto market rally continued on Thursday as investors poured in $827 million into Bitcoin and Ether exchange-traded funds (ETFs). Bitcoin ETFs, led by Blackrock's IBIT with $502.99 million, drew $606.29 million in fresh capital. This surge brought the total inflows for Bitcoin ETFs over the past four days to $1.61 billion.
Ether ETFs also saw a significant influx of funds, collecting $220.77 million across six products, with Blackrock's ETHA leading the way at $173.30 million. Solana and XRP ETFs joined the rally, attracting $14.58 million and $13.24 million respectively.
The total trading value for Bitcoin ETFs reached $5.41 billion, while combined net assets climbed to $90.16 billion. The Ether ETF market saw a trading value of $2.05 billion, with net assets rising to $13.58 billion.